News & Updates

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One of the bizarre aspects of drug pricing in the U.S. is that the government is not permitted by law to negotiate the prices of drugs with pharmaceutical manufacturers. In most of the world markets, the national health authority in each country engages in long (and often difficult) discussions with drug sponsors about what the government is willing to pay for a newly approved drug. These negotiations dramatically reduce the cost of prescription drug prices throughout most of the world.https://537152de585dd1de10ae5c48765f46ab.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

hBut not in the U.S. In the U.S., pharmaceutical companies can essentially dictate prices for their drug products, and Medicare and Medicaid are not allowed to challenge or disagree with the offer. If a company wants to charge $80,000 a year for a new drug, it can. If a company wants to increase the price […]

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Biden’s Green Initiatives

Biden has promised that under his administration the US will take the lead on climate issues, both at home and on the global stage. Such a change of tack for the US would have significant implications around the world, with much of the benefit being felt in Asia, and almost certainly accelerate current trends in […]

Joseph Belth-The Age 100 Problem

No. 410: The Age 100 Problem Remains Alive and Well Posted: 23 Feb 2021 10:00 PM PST My first article about the age 100 problem in cash-value life insurance was in the January 2001 issue of The Insurance Forum, my monthly newsletter that preceded this blog site. My first blog post on the subject was […]

Covid Update

Pfizer-BioNTech Shot Stops Covid Spread, Israeli Study Shows By Naomi Kresge and Jason GaleFebruary 21, 2021, 5:49 AM CST Updated on February 21, 2021, 7:35 PM CST  Vaccine reported to be 89% effective at preventing infections  Stopping virus transmission is key to ending Covid-19 pandemic PauseUnmuteCurrent Time 0:07/Duration 3:08Loaded: 0%Progress: 0% FullscreenPfizer-BioNTech Shot Stops Covid Spread, Israeli Study ShowsUnmuteWatch: An Israeli study shows […]

Estate Planning Update

Copyright Chip Somodevilla, Getty ImagesWEALTH PLANNING>ESTATE PLANNING Could a Change to the Gift and Estate Tax Exclusion Be Retroactive? A potential shift in the credit amount could lead to unwelcome surprises. Bob Dietz, Tom Pauloski | Feb 17, 2021 In estate planning circles, there’s much concern about whether Congress may reduce the “basic exclusion amount”—the amount that any […]

Insurance Carrier News

AIG lines up massive business sale by Mia Wallace 17 Feb 2021SHARE Insurance giant American International Group Inc (AIG) has today revealed it has been fielding inquiries from companies considering buying a stake in the life and retirement (L&R) business which the insurer is seeking to divest. Citing the words of AIG president Peter Zaffino (pictured) during […]

New Rules for Fiduciaries

DOL Fiduciary Rule’s Impact Will Be Felt by Advisors, Brokers The Biden administration announced last week the fiduciary exemption would take effect as scheduled, but legal experts argue the rule has some serious teeth that will impact client relationships with advisors and broker/dealers. Patrick Donachie | Feb 16, 2021https://653b0aa7f88bbf0b03989808e5726206.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html As the Department of Labor said Friday that the […]

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