The Inflation Reduction Act (IRA) of 2022 established the ability for the Centers for Medicare and Medicaid Services (CMS) for the first time to negotiate prices for pharmaceutical products. Only a ...

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above this price, that ...

This time of year you're probably doing a lot of shopping and may be finding that some items you were hoping to buy as a gift are out of stock. But most days, people all over the U.S. go to stores to ...