The Daily Money: The hidden costs of health care
Good morning! It’s Daniel de Visé with your Daily Money.
An MRI can cost $300 or $3,000, depending on where you get it. A colonoscopy can run you $1,000 to $10,000.
Economists cite these as examples of roulette-wheel health care pricing. They are asking Congress to mandate that hospitals and health providers be upfront about prices for medical care.
Here's what you need to know about Health Care Price Transparency Act 2.0.
Is it already time for another iPhone?
Apple launched its latest entry into the smartphone market and major upgrades in its "wearables" Monday at an event titled "It's Glowtime."
The Silicon Valley giant unveiled the iPhone 16 series, which comes with artificial intelligence capabilities. Apple CEO Tim Cook said the new line "raises the bar for what an iPhone can do."
The Apple Watch Series 10 was also announced, with a potential sleep apnea detection feature.
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Red Lobster is looking to rebound with a new CEO, after a year that saw a Chapter 11 bankruptcy filing and the closing of more than 100 locations.
But before the chain's new CEO, Damola Adamolekun, agreed to take his role, he frequented Red Lobster locations around the country as a customer.
Back in May, when Red Lobster was filing for bankruptcy, Adamolekun was scouting out the seafood chain, the Wall Street Journal reports.
Did he try the Cheddar Bay Biscuits?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.