Stories tagged: "prescription costs"


AP Photo/Matt Rourke, File
Big Pharma Company Merck Sues Biden Administration To Keep Prices High

Merck—which made $59.3 billion in revenue and $14.5 billion in profits in 2022—argued Tuesday that the Biden administration's effort to lower exorbitant drug prices for seniors would somehow restrict its ability to invest in new cures and treatments.

Graphic by Francesca Daly
‘A Large Relief’: NC Diabetic Celebrates New Insulin Price Decreases

The three major insulin makers announced in March that they would implement monthly price caps and/or lower the list price of insulin. The moves came after years of activism from diabetics and the passage of two federal laws that pressured the companies to act.

President Joe Biden speaks about his 2024 proposed budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke)
Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families

Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.

Speaker of the House Kevin McCarthy, R-Calif., speaks during a news conference in Statuary Hall at the Capitol in Washington, Thursday, Jan. 12, 2023. (AP Photo/Jose Luis Magana)
GOP Plans Could Include Deep Cuts to Social Security, Medicare, Medicaid, and the Affordable Care Act

House Republicans want to apply deep cuts to everything from health insurance to food assistance benefits, an effort that would plunge millions more Americans into extreme poverty.  

AP Photo/Andrew Harnik
The Republican Party’s Economic Agenda Includes Tax Cuts for Corporations and Cuts to Social Security and Medicare

Republicans aren't exactly hiding their intentions with their economic plans.