GLOBAL MARKETS


Live World Indices are powered by Investing.com

Tuesday, 29 March 2016

U.S. Drug Prices Out-of-Control; Doctors Demand Action

Just Don't Get Sick


"A prescription drug can only be as effective as a patient’s ability to access it and adhere to the medication as prescribed. Year after year of rising costs is clearly a burden for many patients that ultimately impacts their health and quality of life."

ACP President 
Dr. Wayne J. Riley. 



US Doctor Group Demands Price Controls for Out-of-Control Drug Industry

American College of Physicians publishes policy paper on getting skyrocketing drug prices under control




The American College of Physicians (ACP), a group of 143,000 internal medicine doctors, on Tuesday published a position paper calling on the government to do more to regulate the skyrocketing costs of pharmaceutical drugs.

The article, written by the ACP's Health and Public Policy Committee and published in the Annals of Internal Medicine, notes that the U.S. is one of the only economically advanced countries in the world that does not have any government regulation of drug prices.

READ MORE



New Basel rules aimed at reducing the leeway banks currently enjoy on how they account for risk will come into effect over the next two years. The regulations imposed after the global financial crisis already require banks to set aside more capital for every dollar they lend, depending on a borrower's credit standing. The trouble is, global regulators left the decision on creditworthiness mostly to the banks themselves. A 2013 Basel study found variations of as much as 20 percent in the risk weighting attached to similar assets.

In its latest meeting, I saw a continuation of a pattern that we at The Sovereign Society have followed for some time. It’s a pattern that our investment director, Jeff Opdyke, saw as so important that he shared it with a small group of readers last weekend — and I want to share it with you today.


As crude has soared more than 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace. The liquidation of short positions during the last seven weeks covered by data from the U.S. Commodity Futures Trading Commission was the largest on record. 


Drilling-Induced 'Frackquakes' Threatening Millions Across Central US


For the first time, USGS includes human caused seismicity in predictive map

"Today’s report once again highlights the dangers the fracking cycle poses to our communities," declared Dan Chu, director of Sierra Club’s Our Wild America campaign, on Monday. (Photo: Owen Crowley/cc/flickr)


Oil and gas drilling has made parts of the central United States as dangerous as the most earthquake-prone regions of California, according to the U.S. Geological Survey (USGS), exposing millions of people to the risk of human-induced earthquakes, known as "frackquakes."

According to new maps released on Monday by the USGS, roughly 7 million people who live and work in parts of Oklahoma, Kansas, Texas, Colorado, New Mexico, and Arkansas face "potential for damaging shaking from induced seismicity," which the USGS notes is triggered primarily by wastewater disposal from oil and gas drilling activities.

READ MORE

Search This Blog

Blog Archive

Best Sellers