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Influential lawmakers have given unqualified support to the FDA's anti-Canadian stance, among them Orrin Hatch, a Republican Senator from Utah. Says Hatch: "Many of my constituents have written, asking why they cannot use the lower-cost medications from Canada. The answer is easy: it is just irresponsible for Congress to jeopardize public safety by allowing the unchecked reimportation of drugs ... If we truly care about our seniors and other patients who depend upon prescription drugs, we should not expose them to what amounts to pharmaceutical Russian roulette...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...became part of us." Pentagon officials and military analysts have been quick to insist that the changes have nothing to do with the souring of relations between the U.S. and Germany over Iraq. "It's part of a natural progression, as the U.S. rethinks its positioning globally, to lower-cost, more flexible facilities," says Steven Everts, director of the transatlantic program at the Centre for European Reform in London. The footprint may get larger, but it will also be lighter...

Author: /time Magazine | Title: All Ready On The Eastern Front | 1/11/2004 | See Source »

Although a number of people merely switched to lower-cost drugs when the three-tiered plans were put in place, the researchers found that some patients stopped taking their medicines. And while users of proton-pump inhibitors are not supposed to stay on the medications permanently, Frank said, ACE inhibitors and statins are meant for long-term...

Author: By Sara E. Polsky, CONTRIBUTING WRITER | Title: Rising Insurance Costs May Alter Drug Use | 12/8/2003 | See Source »

...boss also needs to take a grinding wheel to costs, which are among the highest in the industry because of expensive labor in Germany, where it runs 10 plants. VW has moved production to eastern Germany--to qualify for government aid and take advantage of lower wages--and to lower-cost countries like Slovakia. Pischetsrieder, known as a gearhead with a good grasp of finance and marketing, hopes to save $3.4 billion over the next five years. Some of the savings will come from sharing more components, like engines, transmissions and ventilation systems, across VW's models and brands...

Author: /time Magazine | Title: A Pitch to the Rich | 11/24/2003 | See Source »

...OTHER OPTIONS. Why not just sell your home and move? Particularly now, you may find that you can get more money than you ever imagined, then scale down close by or relocate to a lower-cost area. Also talk to your grown kids. Often parents mistakenly assume that their kids want the family home (when they don't), or they don't have extra money with which to help their parents (when they do). Believe it or not, federal law requires borrowers to go through financial counseling before taking a reverse mortgage--a paternalistic rule but probably a helpful...

Author: /time Magazine | Title: The Backwards Loan | 2/17/2003 | See Source »

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