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Mr. Goldstein said in an interview earlier in the day that Logan had agreed to waive several longstanding and costly contract provisions and to keep rate increases within the Consumer Price Index.
Managed-care companies, facing skyrocketing costs themselves and more pressure from their customers to keep rate increases down, are tightening enforcement of the lists of drugs for which they will provide a high level of coverage.
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The last hike was just last week forcing Howard to apologize for not keeping his pledge to keep rates flat.
The Federal Reserve chairman promises to keep rates low.
Over the medium term, several dynamics are likely to keep rates lower than in the past.
On Tuesday, the Fed announced that it planned to keep rates low for a "considerable" period.
However, bond investors seemed cheered by the Fed's decision to keep rates ultra-low.
The E.C.B. meets Thursday in Venice, where it is expected to keep rates unchanged.
But it dropped a more specific pledge to keep rates low for some time.
Across the Atlantic, the US Federal Reserve is expected to keep rates on hold at 5.25% this evening.
But to keep rates low for too long would create new risks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com