Ever since there have been economists, there have been debates between economists about the impact of a minimum wage (pdf). Few research topics feature so many twists and turns. Many economists once presumed that higher w...
healthcare
Trump blames “global freeloading” for costly US drugs. That’s not the problem
Introducing his plan to reduce prescription drug prices in America today, Donald Trump said his government would focus on “tougher negotiation, more competition, and much lower prices.”
The president criticized drug makers and insurance companies for failing to put...
Walmart is the next big company looking to get into health insurance
The world’s biggest company wants a slice of one of the world’s biggest industries.
Walmart is in talks to buy health insurer Humana, the Wall Street Journal reported (paywall). The retailer’s move into health care would be massive—Humana has a market c...
Trump health care nominee reportedly padded his resume then blamed it on a tornado
Robert Weaver, the Trump administration’s nominee to head the Indian Health Service, may have misrepresented his employment at a Missouri hospital, according to a report Friday in The Wall Street Journal.
Weaver, 39, is a member of the Quapaw Tribe of Oklahoma. The White House announced his nomination last October, saying he would bring “nearly two decades of experience in hospital, mental health administration, and entrepreneurship” to IHS.
Weaver reportedl...
U.S. senators reach bipartisan deal to stabilize Obamacare
Senators reached a breakthrough deal Tuesday on resuming federal payments to health insurers that President Donald Trump has blocked.
A reporter finally asked Trump to just explain his health care plan. His response was a train wreck.
During a joint White House news conference with the prime minister of Greece on Tuesday, President Trump was asked an extremely basic question about his health care plan. He responded with a lengthy, incoherent word salad.
Trump was responding to Fox News’ John Roberts, who noted that Trump’s efforts to repeal the Affordable Care Act through legislation have failed, and then asked him, “I’m wondering, at this point, what is your health care plan, sir?”<...