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States Struggle To Fund Exchanges

When the Affordable Care Act was first rolled out, the federal government awarded grants totaling $1.2 billion to assist the 14 states and Washington, DC to help them set up state-based health insurance exchanges. With much of the federal money for these programs having dried up and state exchanges required to be self-sufficient under the law, states are experiencing difficulty in paying the ongoing costs of the exchanges, especially small states. In Rhode Island the state has yet to even...

Study: $2.6 Billion to Develop New Drugs

A recent study by the Tufts Center for the Study of Drug Development found the cost of the lengthy research and development process “from discovery to marketplace” of a new drug is approximately $2.6 billion. Developing a new medicine can take 10 to 15 years, according to the Pharmaceutical Research and Manufacturers of America (PhRMA), a nonprofit trade group representing U.S. pharmaceutical and biopharmaceutical companies. PhRMA members spent a record $51.1 billion on research and development...

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