The Federal Trade Commission (FTC) is taking legal action against three major U.S. health companies for their role as middlemen in negotiating prices for medications, particularly insulin. The lawsuits are aimed at UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, all of which are connected to health insurers and play a significant
admin
Over the past decade, there has been a noticeable decline in the share of people with medical debt in collections on their credit reports. A 2023 study by the Urban Institute revealed that in 2013, 19.5% of Americans had medical debt in collections, which dropped to just 5% in 2023. These figures demonstrate a positive
Costco, the popular membership-based warehouse club, recently announced that it will be raising its membership fees in both the U.S. and Canada effective September 1. This increase will see annual memberships go from $60 to $65, while its higher-tier “Executive Membership” will increase from $120 to $130. The fee hike will impact approximately 52 million
With the upcoming presidential election between President Joe Biden and former President Donald Trump, many investors are feeling nervous about what the outcome could mean for their money. A survey conducted by investment company Betterment found that 57% of investors are feeling anxious about the election, with 40% expecting to change their investments based on
The U.S. Federal Reserve is considering cutting interest rates before the end of the year, which could have implications for American travelers heading abroad. The relationship between interest rate policy and the strength of the U.S. dollar is crucial to understanding this impact. When U.S. interest rates rise relative to those in other countries, it
President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. According to the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education will finalize its rule on student loan relief in October. The current timeline indicates that the execution of the program
The recent surge in home prices, with an astonishing increase exceeding 40% since before the pandemic, should theoretically prompt current homeowners to consider refinancing. However, the reality is quite different, as the cost of pulling out cash through refinancing has become prohibitively expensive due to the skyrocketing interest rates. A report by the Mortgage Bankers
In a recent report by Bank of America, it was revealed that almost half of Gen Zers, between the ages of 18 and 27, rely on financial assistance from their parents. This indicates a significant trend among young adults who are struggling to keep up with the high cost of living. The report highlighted that
Longtime investor Bill Gross has expressed concerns about Elon Musk’s Tesla, stating that the company is exhibiting characteristics of a speculative play among retail investors. He compared Tesla to meme stocks, highlighting sagging fundamentals and a sharp increase in price action. Despite these concerns, Tesla has been on an impressive 10-day winning streak, experiencing a
Walmart recently announced plans to open five automated distribution centers for fresh food in an effort to enhance efficiency and improve its online grocery business, as reported by CNBC. The retail giant’s decision to invest in these new facilities highlights its commitment to keeping up with the evolving needs of consumers who are increasingly opting