Wages and labor spending increased, no indicators show inflation slowing. The Labor Department released third-quarter information showing that worker pay and benefits rose rapidly compared to the year…
Read MorePrescription Drugs
President Signs Executive Order to Lower Drug Costs
The order complements actions taken under the Inflation Reduction Act. On Friday, President Biden signed an executive order directing the Department of Health and Human Services to consider…
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President Signs Inflation Reduction Act
Bill addresses taxes, healthcare, and climate On Tuesday, President Joe Biden signed the Inflation Reduction Act into law, one he said he had waited 18 months to sign. The…
Read MoreFDA Approves Alopecia Treatment
Oral tablet Olumiant targets the entire body. The Food and Drug Administration (FDA) released a statement on Monday announcing that they have approved Olumant as a full-body treatment…
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FTC to Investigate Pharmacy Benefit Managers
FTC chair says powerful middlemen have enormous influence. The Federal Trade Commission is launching an inquiry into the operations of pharmacy benefit managers (PBMs) who control access to…
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White House Announces Funds to Address Opioid Crisis
Funds will support public health and safety partnerships. The White House Office of National Drug Control Policy announced $276 million for law enforcement in areas of high-intensity drug…
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House Holds Prescription Opioid Hearing
CEO of prescription drug consulting company testifies. The House Oversight and Reform Committee conducted a hearing on Wednesday, where they questioned the CEO of the prescription drug consulting…
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FDA Approves Childhood Epilepsy Drugs
Seizure medications authorized for patients 2 years and older. On Monday, the Food and Drug Administration approved a treatment for seizures in patients two years old and above.…
Read MorePrescription Drug Prices Expected to Increase
Congress bill H.R.3 would allow for lower pricing. The number of list price increases of prescription drugs is expected to rise this year, reversing a lowering trend over…
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New Rules from Administration Aim at Drug Prices
Rules can go into effect right away. President Trump announced Friday that his administration was issuing two new rules that are aimed at lowering drug prices for the…
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