WASHINGTON (Reuters)—A top U.S. lawmaker has launched an investigation into pharmaceutical industry pricing practices, less than a week after he and fellow Democrats introduced legislation aimed at lowering medicine prices. Rep. Elijah Cummings (D-Md.), who chairs the U.S. House Oversight Committee, sent letters to 12 drug makers seeking information on price increases, investment in research…
CBO Revises Deficit Estimate from Obamacare Individual Mandate Repeal
WASHINGTON (Reuters)—The Congressional Budget Office on Wednesday said that repealing the individual mandate for health insurance would reduce the federal budget deficit less than first forecast as it readied a revised analysis of a policy shift favored by Republicans. The CBO, the nonpartisan budget-scoring agency, said in a statement on its website that eliminating the…
Obamacare Enrollment to Fall in 2018 and Beyond after Cuts -CBO
NEW YORK (Reuters)—Enrollment on the Obamacare health insurance exchanges in 2018 and later years is expected to be less than previously forecast, dampened by the Trump administration’s decision to pull back enrollment efforts, the U.S. Congressional Budget Office said on Thursday. The administration has cut back on advertising spending, halved the enrollment period to six…