Medicine prices to fall 7 percent
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Medicine prices will be cut by 7 percent under a new five-year deal between the government and drug makers that will save more than 1.8 billion pounds on the nation&#39;s drugs bill.
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The U.S. retail price for gasoline   fell to an average $2.38 a gallon, dropping for the seventh   week in a row, and could decline another 23 cents by   mid-October, the government said on Monday.
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Ten pharmaceutical companies said on Tuesday that they were joining a program to cut the prices of prescription drugs for the uninsured.
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Low-income Americans who get a government subsidy are projected to have most of their spending on prescription medicines wiped away in the Medicare drug benefit that begins in 2006, according to an independent analysis released Monday. But several million people actually would spend more on drugs under the new program.
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President George W. Bush plans to slow the growth in US health-care spending, which reached $1.7 trillion last year, by making workers more responsible for their medical costs.
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The slump, which has seen the median price of a home drop 1.7 percent, could last in into the summer of 2007, experts say.
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BRITAINâS biotech industry yesterday attacked government plans to cut the price of medicines by 7 per cent next year. The Bioindustry Association said talks between the Government and âBig
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NEW YORK -- Wal-Mart , the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.
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Shares of Pharmos Corp. PARS.O fell  57 percent before the bell on Monday after the  biopharmaceutical company said clinical trials showed its drug  dexanabinol was not effective as a treatment for severe  traumatic brain injury.
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A doctors group expects a serious shortfall of family physicians in at least five states by 2020.
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Health care providers would see their reimbursement rates from the federal government go up less in coming years when they care for the elderly, poor and disabled under President Bush's budget.
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The average U.S. retail gasoline   price fell to $2.38 a gallon, dropping for the seventh week in   a row, and could decline another 23 cents by mid-October, the   government said on Monday.
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Some economists say the government can reduce pharmaceutical prices by changing how the nation pays for innovation.
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The American Medical Association says the government should negotiate directly with drug manufacturers to secure lower prices on prescription medicines for the nation's elderly.
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Alkermes Inc., a drug developer that repackages medicines for easier use, cut its revenue forecast for the year ending March 31 to $72 million to $80 million, or as much as 30 percent less than an earlier company estimate of up to $115 million. The Cambridge company said it adjusted the forecast based on expected manufacturing revenue and the timing ...
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Business & money: US sales of top selling diabetes drug down 50% after tougher regulation and generics hurt entire sector.
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Existing home sales will fall further and prices will drop more sharply in 2007 than earlier expected, a leading real estate trade association predicted on Tuesday.