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| December 12, 2017

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Prices Archives -

Trump is mum on report showing how we can reduce sky-high drug prices

December 10, 2017 |

In October, President Trump once again promised to reduce drug prices for American consumers — a pledge he’s repeatedly made since campaigning for office.

He said drug companies are “frankly getting away with murder” and that his administration is “going to get prescription drug prices way down.”

L.A. Times – Business

Less choice, higher prices feared in CVS’ takeover of health insurer Aetna

December 4, 2017 |

CVS Health says that its $ 69-billion takeover of insurance giant Aetna will be good for consumers. That, of course, is unlikely.

For the deal to benefit consumers, it would have to result in lower drug prices or lower insurance costs. If past mergers are anything to go by, this won’t happen.


L.A. Times – Business

California’s ski season starts with good snowfall and higher lift prices

November 23, 2017 |

The snow is falling but lift ticket prices are rising at many California ski resorts.

November storms have already dumped heaps of snow in the Sierra Nevada mountains, including around Lake Tahoe, allowing a few resorts to open.

But enjoying that snow will cost winter sports enthusiasts more.


L.A. Times – Business

Health giant Sutter destroyed evidence in crucial antitrust case over high prices, judge says

November 18, 2017 |

Sutter Health intentionally destroyed 192 boxes of documents that employers and labor unions were seeking in a lawsuit that accuses the giant Northern California health system of abusing its market power and charging inflated prices, according to a state judge.

In a ruling this week, San Francisco…

L.A. Times – Business

Stocks decline for a second straight day, and oil prices fall

November 15, 2017 |

Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September.

Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Energy stocks fell as the price of crude oil slipped further the day after its biggest…

L.A. Times – Business

CVS-Aetna deal could have same result as telecom mergers — higher prices

October 31, 2017 |

The news that CVS Health is making a $ 66-billion play for health insurer Aetna inevitably raises two key questions for consumers:

What would this do to insurance rates? What would this do to drug prices?

At this point, the answer to both questions is nobody knows for sure. We’re heading into uncharted…

L.A. Times – Business

Lower drug prices? Trump has one idea, but insurance giant Anthem has another

October 20, 2017 |

The sky-high cost of prescription meds was back in the spotlight this week. First, President Trump said drug prices “are out of control” and drug companies are “getting away with murder.”

Then came news that the country’s second-largest health insurer, Anthem, will partner with CVS to launch its…

L.A. Times – Business

Californians will get more information on what’s driving prescription drug prices under law signed by governor

October 9, 2017 |

Gov. Jerry Brown approved a measure Monday to increase disclosure on prescription drug prices, the focal point of growing efforts to clamp down on climbing pharmaceutical costs.

Supporters call the law the nation’s most sweeping effort to make prescription drug pricing more transparent. The measure…

L.A. Times – Business

Netflix Raises U.S. Prices in Bid to Fund Big Bet on Content

October 5, 2017 |

Netflix is raising prices for its streaming-video services in the U.S., betting that subscribers will tolerate higher monthly fees and help fuel the company’s big investments in TV and movie programming. US Business

Stocks add to record highs; oil prices drop

October 2, 2017 |

U.S. stocks opened at record highs Monday as technology and healthcare companies advanced. Energy companies were plunging as prices of crude oil and other fuels fell sharply. Nordstrom stock was tumbling after the New York Post said talks to take the department store company private were stalling….

L.A. Times – Business