WASHINGTON (AP) — The Congressional Budget Office said Monday that the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus.
Senate Finance Committee Chairman Chuck Grassley said that he intends to push for a vote this year on a bill that would limit drug-price increases, even as pharmaceutical companies race to find treatments and vaccines for Covid-19. The drug industry has been pouring resources into researching new therapies as the pandemic wreaks havoc on Americans’ health and the country’s economy. That has helped quiet a long-running debate over rising prescription costs, as policy makers prioritize finding treatments and helping businesses safely re-open.
SPRINGFIELD — In what may be an issue at hospitals across the nation, federal funding errors overpaid Baystate Health by tens of millions of dollars in coronavirus relief since early April, and the health system will give back nearly half the amount it received.
This won’t be the last pandemic. Once we’re through this one, we must determine what we did right, what we did wrong and what we can do better next time. One thing to examine in this after-action review is the condition of our hospitals and medical practitioners. Ironically, the steps taken to keep them from being overwhelmed by COVID 19 patients have left many on the verge of bankruptcy.
Owes federal government for ineligible coverage. Debt to be repaid next budget year. California budget officials have revised to $1.7 billion the amount the state owes the federal government for improper Medicaid reimbursements.
In the past two months alone, Wall Street investors have pumped billions into a handful of biotech companies in the early stages of producing vaccines or drugs to combat the novel coronavirus. The result: a coronavirus investment bubble that's already approaching nearly $200 billion in stock market value.