Why does an arthritis drug that costs $2,669 here cost $822 in Switzerland? Article argues that this simply happens because in other places in the world governments regulate and negotiate drug prices but in the US they don't. My question is why is it that government can negotiate on outsourcing the way Mr, Trump just did with the Carrier jobs but they don't do this with the drug companies?
President Trump on Friday moved to chisel away at the Obama administration’s legacy on financial reform, announcing a series of steps to revisit the rules enacted after the 2008 financial crisis and setting the stage for a showdown with Democrats over the future of Wall Street regulation. The rule’s supporters, including Democratic lawmakers and consumer groups, describe it as a basic consumer protection that can prevent brokers from taking advantage of vulnerable clients.
After just a few weeks in office, the new administration is targeting dozens of Obama-era policies, using both legislative and executive tactics. The fallout is already rippling across the federal bureaucracy and throughout the U.S. economy, affecting how dentists dispose of mercury fillings, how schools meet the needs of poor and disabled students, and whether companies reject mineral purchases that fuel one of the world’s bloodiest conflicts.
Critics are charging that billionaire investor Carl Icahn has used his position as Donald Trump’s deregulatory czar to strong-arm the ethanol lobby into agreeing to a change that will save one of Icahn’s companies $200 million a year.If so, this would be the most obvious example yet of crony capitalism in the Trump era.
Republican lawmakers reined in regulations — including some on testing — that they criticized as heavy-handed.With all the attention paid to President Trump’s lightning-rod secretary of education, Betsy DeVos, and her advocacy for private school vouchers, little public notice has been paid to the action on education in Congress — where lawmakers have broader power than Ms. DeVos to make changes to the nation’s school system.Now, Congress has done exactly that, voting to repeal crucial regulations associated with the Every Student Succeeds Act, one of President Barack Obama’s final legislative achievements.
In a flurry of deregulation, the Trump administration has already suspended or reversed more than 90 rules. And industry is clamoring for more. Telecommunications giants like Verizon and AT&T will not have to take “reasonable measures” to ensure that their customers’ Social Security numbers, web browsing history and other personal information are not stolen or accidentally released.Wall Street banks like Goldman Sachs and JPMorgan Chase will not be punished, at least for now, for not collecting extra money from customers to cover potential losses from certain kinds of high-risk trades that helped unleash the 2008 financial crisis.
If the billionaire Koch brothers turn to the White House for favors, they will see many familiar faces. Newly disclosed ethics forms reveal that a significant number of senior Trump staffers were previously employed by the sprawling network of hard-right and libertarian advocacy groups financed and controlled by Charles and David Koch, the conservative duo hyper-focused on entrenching Republican power, eliminating taxes, and slashing environmental and labor regulations.
Republicans in Congress just voted to reverse a landmark FCC privacy rule that opens the door for ISPs to sell customer data. Lawmakers provided no credible reason for this being in the interest of Americans, except for vague platitudes about “consumer choice” and “free markets,” as if consumers at the mercy of their local internet monopoly are craving to have their web history quietly sold to marketers and any other third party willing to pay.
Flanked by coal miners at the Environmental Protection Agency, President Trump signed an order directing the agency to start the process of rewriting the Clean Power Plan.
It’s no secret that oil and gas companies are on the hunt for new places to drill. But the quest for more fossil fuels could heat up in places you might not expect: our national parks. With President Donald Trump’s executive order on energy, federal agencies are now reviewing all rules that inhibit domestic energy production. And that includes regulations around drilling in national parks that, if overturned, could give oil and gas companies easier access to leases on federal lands they’ve long coveted. Weaker regulations could mean oil and gas pollution and spills in pristine national parks.