When Medicare prescription drug insurance was created in 2003, the idea that beneficiaries with very high drug costs should pick up 5 percent of the tab seemed reasonable - but that was well before specialty drugs were invented that carry price tags in the tens of thousands of dollars.
CHICAGO (Reuters - It took 52-year-old social worker Nancy Peterson a combination of five different grants and low interest loans to accumulate $80,000 for the downpayment she needed to become a first-time home buyer in Seattle last summer.
Small-cap stocks were among the biggest losers during the stock market's rout late last year as investors worried about high leverage, but they have outperformed in 2019's rebounding market, with shares of debt-laden companies leading the charge.
Bill Gross, once the bond market's most influential investor, will retire from Janus Henderson Group Plc in coming weeks, ending attempts to reclaim the stature he enjoyed leading the world's largest fixed-income investing firm.
Shares of Chipotle Mexican Grill have surged over 70 percent over the last 12 months, but some U.S. fund managers are waiting for Feb. 6 earnings results to confirm that the burrito-chain is truly back from its 2015 food safety crisis.
A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2 billion buyout of the bankrupt retailer.
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