Articles by Michael Erman and Caroline Humer

Co-Pay Tactic by Benefit Managers Credited with Cutting Prescription Drug Prices

A recently adopted tactic by U.S. health plans to limit the financial assistance drugmakers provide directly to consumers for prescription medicines is taking a toll on drug prices, according to a new analysis released on Tuesday. Real U.S. drug prices, …

Insurers, Hospitals Worry Republican Plan Makes Insurance Less Affordable

The House Republican health insurance plan suggests coverage after Obamacare will be less affordable, insurers and industry experts said on Tuesday, raising questions about whether Americans will enroll and insurance companies will enter the market. The draft legislation rolls back …

Anthem Not Giving Up on Merger with Cigna Even If Cigna Is

Anthem Inc. on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp. from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware’s Court of Chancery granted …

NYC Credit Unions Face Risks From Taxi Industry Woes

New York credit unions that have run up large exposures to the city’s iconic yellow cabs are facing a sharp increase in loan losses after a judge threw out a legal challenge to ride-hailing service Uber Technologies Inc. Four credit …

Hurricane Sandy Forces Evacuations, Shutdowns on East Coast

Tens of millions of East Coast residents scrambled on Sunday to prepare for Hurricane Sandy, which could make landfall as the largest storm to hit the United States, bringing battering winds, flooding and even heavy snow. The massive storm, which …

Update: Hurricane Sandy Could Affect 50 Million People on East Coast

Authorities shut transit systems and ordered some evacuations as tens of millions of people on the East Coast braced on Sunday for Hurricane Sandy, a gigantic storm forecast to deliver battering winds, dangerous flooding and even heavy snowfall. Sandy, expected …