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☆ Health insurer stocks slide as final Medicare Advantage rates disappoint
▼ + stars: | 2024-04-02 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Shares of U.S. health insurers fell Tuesday after the Biden administration didn't boost payments for private Medicare plans as much as the insurance industry and investors had hoped. Shares of CVS Health fell more than 8% on Tuesday, while UnitedHealth Group 's stock slid nearly 7%. Shares of Elevance Health dropped more than 3% and Centene 's stock fell 6%. Meanwhile, Humana 's stock fell more than 10%. The health-care giant is far more dependent on those private Medicare plans, known as Medicare Advantage, than its rivals.

Persons: Biden, Humana Organizations: Humana Inc, CVS Health, Elevance Health Locations: Louisville , Kentucky, U.S

☆ S&P 500 futures are little changed Monday evening: Live updates
▼ + stars: | 2024-04-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on April 1, 2024. Futures tied to the S&P 500 were little changed Monday night after the broad market index and the Dow Jones Industrial Average slipped to begin April. S&P 500 futures and Nasdaq 100 futures each dipped lower by less than 0.1%. Futures tied to the 30-stock Dow slipped 118 points, or 0.3%, as shares of UnitedHealth fell. To conclude Monday's session, the Dow fell nearly 241 points, or 0.6%, while the S&P 500 slid 0.2%.

Persons: Dow, UnitedHealth, David Miller, — Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Medicare, Services, Humana, CVS Health, Federal Reserve, Catalyst Capital Advisors, CNBC, Labor, Survey Locations: UnitedHealth

☆ Hospitals Must Get Written Patient Consent for Pelvic Exams, H.H.S. Says
▼ + stars: | 2024-04-01 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com time to read: +1 min

The Department of Health and Human Services said on Monday that hospitals must obtain written informed consent from patients before they undergo sensitive examinations — like pelvis and prostate exams — especially if the patients will be under anesthesia. A New York Times investigation in 2020 found that hospitals, doctors and doctors in training sometimes conducted pelvic exams on women who were under anesthesia, even when those exams were not medically necessary and when the patient had not authorized them. Sometimes these exams were done only for the educational benefit of medical trainees. “The Department is aware of media reports as well as medical and scientific literature highlighting instances where, as part of medical students’ courses of study and training, patients have been subjected to sensitive and intimate examinations,” the letter said. “It is critically important that hospitals set clear guidelines to ensure providers and trainees performing these examinations first obtain and document informed consent.”

Persons: ” Organizations: of Health, Human Services, New York Times, Health, department’s Centers, Medicare, Services, Civil Rights

☆ Opinion | The Great Tension Inside the Trump G.O.P.
▼ + stars: | 2024-03-29 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

How might these commitments be paid for if these pro-government Republicans had their way? A different poll, from Bloomberg and Morning Consult, suggested one possible answer: Surveying voters in seven swing states, it found that 58 percent of self-described conservative Republicans strongly or somewhat supported raising taxes on Americans making $400,000 or more a year. These populist perspectives — tax the upper class and spend on health care and income support — aren’t especially surprising, given the Republican Party’s slow transformation into a more downscale coalition, a process in which it has gained blue-collar and non-college-educated supporters and lost affluent suburbanites to the Democratic Party. But good luck finding evidence of this populist transformation in the party’s current policy proposals. Consider, for instance, the latest budget proposal from the Republican Study Committee, the conservative House caucus that claims about 80 percent of Republican representatives as members.

Persons: Newt Gingrich, Paul Ryan Organizations: American Compass, Republican, Social Security, Republicans, Bloomberg, Morning, Democratic Party, Committee, House, Trump

☆ Byron Donalds, potential VP pick, once attacked Trump and praised outsourcing, privatizing entitlements
▼ + stars: | 2024-03-29 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +7 min

“President Trump is considering Byron as his running mate because of the Congressman’s steadfast support for the 45th President and his historic policy agenda. Donalds rose to prominence in Trump world last year when the Florida congressman endorsed Trump over Florida Gov. While Trump has asked allies their thoughts on Donalds as vice president, advisers have acknowledged the complications of this scenario given they both are residents of Florida. But Donalds’ embrace of Trump when running for Congress was a far cry from his tea party activism a decade ago. During his 2012 campaign for Congress, Donalds heavily embraced calls to privatize Social Security and Medicare – two programs Trump (and Donalds) now promise not to cut.

Persons: Byron Donalds, Donald Trump, Donalds, Barack Obama, “ Trump, ” Donalds, CNN’s KFile, Trump, –, Obama, Facebook “ Trump, Bush, ” “ Trump, Trump’s, Byron, ”, Ohio Sen, J.D, Vance, Elise Stefanik, Florida Sen, Marco Rubio, Joe Biden, Ron DeSantis, He’s, Mitt Romney, Romney, it’s, “ I’m, Paul Ryan Organizations: CNN, Florida Republican Rep, Facebook, White, Social Security, “, Republican, New York, Trump, Florida Gov, Fox News, GOP, Congress, statehouse, Democrats, Rep, Republicans Locations: China, Michigan, Ohio, Florida, Trump, let’s, Bangladesh, Taiwan, Chile

☆ Bernie Sanders wants to make Ozempic cheaper
▼ + stars: | 2024-03-28 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Sen. Bernie Sanders said the price of Ozempic is "outrageously high." A recent study found that Ozempic can be made for less than $5 per month — but it costs nearly $1,000. AdvertisementSen. Bernie Sanders is outraged by the price of Ozempic — so much that he wants to meet with the CEO of its maker, pharma giant Novo Nordisk, Bloomberg reports. Related stories"A new Yale study found that Ozempic costs less than $5 a month to manufacture," Sanders said in a statement. Novo Nordisk also spent $5 billion on R&D globally in 2023, the company said.

Persons: Sen, Bernie Sanders, —, Sanders, Lars Fruergaard Jørgensen, Sanders — Organizations: Novo Nordisk's, Bloomberg, Service, pharma, Novo Nordisk, Health, Education, Labor, Yale, Nordisk Locations: Novo, GLP, Canada, Germany, U.S, America

☆ Eli Lilly climbs on win for rival weight-loss drug, and we still feel good about Abbott Labs
▼ + stars: | 2024-03-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Abbott update : Shares of Abbott Laboratories were slightly higher Thursday, on pace for their third straight day of gains. The embattled cosmetics company was the top-performing Club stock in Thursday's session, boosted by an upgrade at Bank of America . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Wegovy, Abbott, Louis, Jim, Reckitt's Mead Johnson, Mead, Johnson, Stanley Black, Decker, Estee Lauder, Lauder, there's, Jim Cramer's, AJ Mast Organizations: CNBC, Stocks, Bloomberg, Amazon Pharmacy, Rite, Abbott Laboratories, Abbott, NEC, Home, U.S, Bank of America, Jim Cramer's Charitable, Getty Locations: U.S, St, Illinois, China, Indianapolis , Indiana

☆ UnitedHealth Group has paid more than $3 billion to providers following cyberattack
▼ + stars: | 2024-03-27 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

UnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare cyberattack since last week, bringing the total amount of funds advanced to more than $3.3 billion, the company said on Wednesday. UnitedHealth, which owns Change Healthcare, discovered in February that a cyber threat actor had breached part of the unit's information technology network. The interruptions left many health-care providers temporarily unable to fill prescriptions or get reimbursed for their services by insurers. Many health-care providers rely on reimbursement cash flow to operate, so the fallout has been substantial. Federal agencies like the Centers for Medicare & Medicaid Services have introduced additional options to ensure that states and other stakeholders can make interim payments to providers, according to a release.

Persons: UnitedHealth, it's, Mandiant, Jamie Raskin, Andrew, Raskin, Biden Organizations: UnitedHealth, Healthcare, SEC, CNBC, American Hospital Association, Medicare, Medicaid Services, U.S . Department of Justice, of State, Wednesday, United Health, Palo Alto Networks, Change Healthcare Locations: Palo

☆ A 68-year-old athlete shares 5 workout rules that keep him young, fit, and energized
▼ + stars: | 2024-03-27 | by ( ) www.businessinsider.com time to read: +6 min

National Senior Games athlete Paul Ostermann said working out has kept him healthy and energized. Having a workout goal and community can help you stay motivated and be consistent, he said. AdvertisementPaul Ostermann doesn't just want to be a centenarian — he plans to stay competitive every step of the way. Bench presses, military presses, and bodyweight moves like pull-ups all help to build a strong core and good stability. You can use this technique even if you only work out two days a week instead of six.

Persons: Paul Ostermann, —, Paul Ostermann doesn't, Ostermann, I'm, haven't, — Ostermann, they'll, he's, He's Organizations: Senior Games, Service, Business, Senior, MMA Locations: Ohio

☆ Biden and Harris team up for a rare joint appearance in North Carolina to take on GOP over health care
▼ + stars: | 2024-03-26 | by ( Arlette Saenz | Tami Luhby | ) edition.cnn.com time to read: +10 min

It’s taking place on the heels of a campaign push slamming Trump for threatening to repeal the Affordable Care Act if he’s elected to a second term. Dunn argued the GOP plan shows “the Affordable Care Act is still very much under attack by Republican officials.”In contrast, Biden and Harris are expected to highlight the success of the Affordable Care Act and discuss efforts to expand access to health care and lower prescription drugs costs. Biden’s team also hopes the popularity of the Affordable Care Act and proposals to lower health care and prescription drug costs will resonate with voters at the ballot box. More than 45 million people in total have gained coverage through the Affordable Care Act, according to the Biden administration. Roy Cooper had advocated for the Affordable Care Act provision for years, finally convincing the Republican-led legislature to drop its long-standing opposition.

Persons: Joe Biden, Kamala Harris, Donald Trump, mifepristone, Tuesday’s, It’s, Trump, “, Biden, Harris, ”, Anita Dunn, he’s, Dunn, Roy Cooper, Josh Stein, Mark Robinson, Cooper Organizations: Washington CNN, Raleigh, Democratic, Trump, Marist, Union, Republican, Affordable, White, What’s, American, Children’s Health Insurance, Medicare enrollees, Medicare, Medicaid, Democratic Gov, GOP, Senate, Gov Locations: North Carolina, Pennsylvania, Georgia , Wisconsin , Michigan, Nevada, Arizona, New Hampshire, Texas, Southern, Georgia, South Dakota, Florida, Kansas, Mississippi

☆ Medicare spending on Ozempic and similar diabetes drugs soars, study finds, and it could end up costing seniors
▼ + stars: | 2024-03-26 | by ( Tami Luhby | ) edition.cnn.com time to read: +2 min

CNN —Medicare shelled out $5.7 billion on Ozempic and other similar diabetes drugs in 2022, up from $57 million in 2018, according to a new KFF analysis. Medicare began covering Ozempic for people with diabetes in 2018, with Rybelsus and Mounjaro joining in 2019 and 2022, respectively. The KFF study examined gross spending, which does not take into account any rebates paid by drug manufacturers that would lower Medicare spending. The drugs’ popularity and prices could end up raising costs for both the federal government and Medicare enrollees broadly. Medicare could choose Ozempic and Rybelsus for its drug negotiation program as early as 2025, KFF wrote, which could lower spending on the medications.

Persons: Mounjaro, ” KFF, KFF Organizations: CNN, Medicare, US Food and Drug Administration, Congressional

☆ Runaway government debt could sink markets and slam the economy, 2 watchdogs warn
▼ + stars: | 2024-03-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The US government's ballooning interest payments are eating a hole in its budget, they said. "We are headed toward record spending levels, record deficit levels, record debt levels, record interest payments — the list goes and on," Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, told Fox Business this week. While the US isn't at imminent risk of that kind of chaos, bond markets could "snap back" if the government's interest payments soar to $1 trillion in 2026 as expected, Swagel said. AdvertisementHowever, she noted that some experts on Wall Street were "incredibly worried" about the national debt and interest payments. DoubleLine Capital CEO Jeffrey Gundlach has also sounded the alarm on debt payments.

Persons: —, MacGuineas, Philip Swagel, Liz Truss, Swagel, bitcoin, Jim Rogers, George Soros, He's, Jeffrey Gundlach Organizations: Investors, Service, Federal Budget, Fox Business, Congressional, Office, Financial Times, Bank of, CBO, Wall, DoubleLine

☆ Medicare can now cover certain weight loss drugs in a big step for patients
▼ + stars: | 2024-03-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Medicare can start covering certain weight loss drugs for the first time — as long as they are approved for an added health benefit, the Centers for Medicare and Medicaid Services said Thursday. Medicare prescription drug plans administered by private insurers, known as Part D, currently cannot cover those drugs for weight loss alone. A provision of a 2003 law established that Medicare Part D plans can't cover drugs used for weight loss, but the program does cover obesity screening, behavioral counseling and bariatric surgery. A CMS spokesperson told CNBC last week that Medicaid programs would be required to cover Wegovy specifically for its new cardiovascular use. Around 1 in 5 state Medicaid programs currently cover GLP-1 drugs for weight loss.

Persons: Ozempic, Eli Lilly Organizations: Novo Nordisk, Medicare, Centers, Services, Drug, Food and Drug Administration, CVS, Aetna, International Foundation of Employee, CNBC, FDA Locations: London, Britain, U.S

☆ UnitedHealth Group has paid more than $2 billion to providers following cyberattack
▼ + stars: | 2024-03-18 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

UnitedHealth Group said Monday that it's paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare. "We continue to make significant progress in restoring the services impacted by this cyberattack," UnitedHealth CEO Andrew Witty said in a press release. "We know this has been an enormous challenge for health care providers and we encourage any in need to contact us." It also introduced a temporary funding assistance program to help health-care providers experiencing cash flow trouble because of the attack. A survey published by the American Hospital Association on Friday found that 94% of hospitals have experienced financial disruptions from the Change Healthcare attack.

Persons: it's, Andrew, UnitedHealth, Rick Pollack, Biden, UnitedHealth hasn't, Scott Gottlieb Organizations: UnitedHealth, Change Healthcare, Healthcare, Medicare, Medicaid Services, American Hospital Association, Administration, U.S . Department of Health, Human Services, Office, Civil Rights, Palo Alto Networks, Google Locations: Palo

UnitedHealth is testing the last major system it must restore from last month’s Change Healthcare cyberattack, but it has no date yet for finishing the recovery. The health care giant said Monday that it is testing software for submitting medical claims. Photos You Should See View All 60 ImagesEarlier this month, UnitedHealth said that it restored nearly all of Change Healthcare’s system for processing prescriptions. Late last week, the company restored Change Healthcare’s electronic payments platform, which involves billing and payments between care providers and payers like insurers. UnitedHealth said Monday that it is expanding temporary funding to support doctors and other care providers affected by the attack.

Persons: UnitedHealth Organizations: Healthcare, American Hospital Association, Federal, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP

Congress has until Friday at midnight to pass six major spending bills to avert a partial government shutdown. Six spending bills that cover roughly three-quarters of all federal discretionary spending are at stake:– Defense: Includes funding for nearly all military-related activities. – State, Foreign Operations and Related Programs: Includes funding for U.S. diplomatic activities, cultural exchanges, development and humanitarian assistance. As of Monday morning, appropriators had yet to release any of the six funding bills they’ll need to pass. The stalemate comes in the wake of Republicans killing the bipartisan Senate border deal last month.

Persons: appropriators, they’re Organizations: –, – Financial Services, General Government, Department of, Treasury, of Columbia, – Department of Homeland Security, Federal Emergency Management Agency, Coast Guard, Customs, Immigration Services, Labor, Health, Human Services, Education, Centers for Disease Control, Food and Drug Administration, Social Security, National Labor Relations Board, Senate, U.S . Capitol Police, of Congress, Foreign, House Republican, White House, Department of Homeland Security Locations: U.S, – State

As rural hospitals continue to struggle financially, a new type of hospital is slowly taking root, especially in the Southeast. Saving rural careThat was the case for Irwin County Hospital in Ocilla, Georgia, which was the second rural emergency hospital established in the U.S. “But ... we felt like we had to try.”Irwin County Hospital became a rural emergency hospital on Feb. 1, 2023. “We might have been closed if we hadn’t (become a rural emergency hospital), so ... something had to be done,” he said. Brock Slabach, the National Rural Health Association's chief operations officer, told the AP that upwards of 30 facilities are interested in converting to rural emergency hospitals this year.

Persons: Carrie Cochran, McClain, George Pink, Weeks, Scott Carver, he’d, ”, Quentin Whitwell, “ We’re, Whitwell, Carver, Traci Harper, Harper’s, “, ‘, Warren, Jared Chaffin, Amy Thimm, they’ll, Ron Te Brink, Chaffin, “ That’s, Kenneth Williams, Williams, Williams isn’t, we’ve, Pink, it’s, Cochran, Brock Slabach, Robert Wood Johnson Organizations: National Rural Health Association, U.S, University of North, Sheps, for Health Services Research, Health Research Program, Irwin County Hospital, Hospital, Progressive Health Systems, Warren Memorial Hospital, Alliance Healthcare, Centers, Medicare, Associated Press, National Rural Health Association's, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Southeast, Rural, Nebraska, Florida, Ocilla , Georgia, U.S, ” Irwin, Jacksonville , Florida, Holly Springs , Mississippi, Memphis

☆ Trump says there will be 'bloodbath' if he doesn't get elected in November as he campaigns for GOP's Bernie Moreno in Ohio
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +7 min

Republican presidential candidate former President Donald Trump gestures to the crowd at a campaign rally Saturday, March 16, 2024, in Vandalia, Ohio. Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a "bloodbath" if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. "You will not be able to have Social Security with this guy in office because he's destroying the economics of our country. "I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn't, I'm, Marco Rubio, Trump's, He's, Moreno's, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci Organizations: Social Security, Trump, Tuesday's GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: Vandalia , Ohio, Ohio, Dayton, America, Washington, Tuesday's, Cleveland

☆ Weight loss drug Wegovy is now approved for heart health — but that won't mean broad insurance coverage just yet
▼ + stars: | 2024-03-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +12 min

The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. The spokesperson added that state Medicaid programs would be required to cover Wegovy for its new cardiovascular use. But Gremminger said the standard of care for the long-term use of weight loss drugs is "in flux." State employees will no longer have insurance coverage for GLP-1s when used for weight loss at the beginning of next month. Both drugmakers have launched programs to help patients, with or without commercial insurance coverage, afford their weight loss treatments.

Persons: Klesty, John Crable, Wegovy, Jaime Almandoz, Joe Buglewicz, Shawn Gremminger, Hartley, Gremminger, Dale Folwell, We've, Folwell, Phelan M, Eli Lilly, Ceci Connolly, Julie Stich Organizations: Reuters, Novo Nordisk, CNBC, Medicare, Services, FDA, CVS, Aetna, International Foundation of Employee, Drug Administration, University of Texas Southwestern Medical Center, Washington Post, Getty, National Alliance of Healthcare, Taft, Nordisk, Nordisk's Ozempic, GOP, Carolina, Republican Governors Association, AP, Alliance of Community Health, U.S . Health, IFEBP, BMI Locations: U.S, Novo, Dallas, North Carolina, Orlando , Florida

VANDALIA, Ohio (AP) — Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a “bloodbath” if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Moreno faces Secretary of State Frank LaRose and state Sen. Matt Dolan in Tuesday’s GOP primary. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. “You will not be able to have Social Security with this guy in office because he’s destroying the economics of our country. “I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn’t, I’m, Marco Rubio, Trump’s, ”, “, “ He’s, ” Trump, Moreno’s, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci, ___ Colvin, Brian Slodysko, ___ Meg Kinnard Organizations: Social Security, Trump, Tuesday’s GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: VANDALIA , Ohio, Ohio, Dayton, America, Washington, Tuesday’s, Cleveland, New York

☆ Biden hits battleground states as Trump opts for a seat in court
▼ + stars: | 2024-03-14 | by ( Gregory Krieg | ) edition.cnn.com time to read: +7 min

Harris was nearby in Minnesota, making what is believed to be the first visit of a sitting president or vice president to a clinic that provides abortion services. “Big crowds in Fort Pierce, Florida, for the Biden induced Witch Hunt against his political opponent, ME!,” Trump said on his Truth Social platform. The president has been barnstorming key swing states since delivering a combative State of the Union address a week ago. The vice president, the first woman in her position, spoke frankly about the medical care provided at clinics like the one she visited. “I will never do anything that will jeopardize or hurt Social Security or Medicare,” Trump told the right-wing news outlet during a sitdown at Mar-a-Lago.

Persons: Joe Biden, Kamala Harris, –, Donald Trump, Biden, Harris, Jack Smith, Aileen Cannon, Witch Hunt, ” Trump, Trump, Chuck Schumer, Benjamin Netanyahu, Israel “, ”, Netanyahu, Gaza –, Harris’s, ” Harris, Julie Chavez Rodriguez, Roe, Wade, they’ll, Breitbart, “, we’re, pounced Organizations: CNN, Midwest, Trump, Democratic, Biden, White House, New York Democrat, MSNBC, Social Security, GOP, Security, CNBC Locations: Florida, Wisconsin, Michigan, Gaza, Minnesota, stoke, Fort Pierce , Florida, Palestinian American, Chicago, Pennsylvania, Georgia, New Hampshire, . Michigan, Saginaw County, Israel, Israel’s, Rafah, Minnesota’s Twin, Colorado, Arizona, Mar

☆ Opinion | Social Security and Medicare Are on the Ballot
▼ + stars: | 2024-03-14 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

A few days ago, the Biden administration released its budget proposal for the 2025 fiscal year (which begins in October). Given that Republicans control the House, this budget isn’t going to happen, so it serves mainly as a statement of principles and intent. It clearly signaled Democrats’ vision for the future — in particular, their belief that we can preserve the solvency of Social Security and Medicare by raising taxes on high incomes rather than by cutting benefits. I’ll come back to the question of what Trump meant by his remarks and, more important, what he might actually do if he returns to power. You might be tempted to dismiss Biden’s assurances on safety net programs as boilerplate — don’t Democrats always promise to protect Social Security and Medicare?

Persons: Biden, Donald Trump, I’ll, Trump, Biden’s Organizations: Social Security, CNBC

☆ Analysis: Trump on Social Security cuts and a possible TikTok ban
▼ + stars: | 2024-03-12 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

But Trump’s comments on TikTok and Social Security, both in an unfettered interview on CNBC, suggest not calculation, but confusion about Social Security and ambivalence about TikTok. Social Security was a top issue during the Republican presidential primary, when Trump attacked his GOP opponents, accusing them of wanting to take social security benefits away from older Americans. In an ad-libbed and meandering answer during a telephone interview broadcast on CNBC, Trump seemed to suggest that he was open to cutting Social Security. Have you changed your, your outlook on how to handle entitlements Social Security, Medicare, Medicaid, Mr. President? His answer also did nothing to address Kernen’s larger question, about Social Security and Medicare’s insolvency crisis.

Persons: Donald Trump’s, Joe Biden, Biden, Trump, It’s, CNBC’s Joe Kernen, we’ve, Joe Biden’s, Karoline Leavitt, ” It’s, Abby Phillip, Nikki Haley, ByteDance, ” Trump, ” Biden, Brian Fung, Jeff Yass, Steve Bannon, “ Organizations: CNN, Social Security, Trump, CNBC, Social, Republicans, Republican, GOP, ISIS, Federal Reserve, Treasury Department, South Carolina Gov, House Republicans Locations: Trump, TikTok’s China, China, TikTok, Yass

☆ How Biden hopes to recapture voters scarred by inflation
▼ + stars: | 2024-03-12 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +14 min

A majority of Hispanics, and even a plurality of Black voters, said Biden’s policies would cause inflation to rise, the survey found. You can’t not make the contrast and comparison.”These negative retrospective assessments of the Biden and Trump economic records create huge headwinds for the president. “Voters—even past Biden voters who disapprove of his economic record—clearly reject what Trump and Republicans are offering,” Democratic pollster Margie Omero said in an email. After voters were exposed to Biden’s populist arguments, assessments of his economic record improved in the group’s polling, Clark said. But even after hearing that case, most voters in the group’s surveys still gave Biden negative marks for his economic performance, the study found.

Persons: Joe Biden, Donald Trump, Trump, Biden, Biden –, “, ”, Danielle Deiseroth, West Virginia Sen, Joe Manchin, Shawn Fain, Evelyn Hockstein, Adam Green, Michael Tyler, Republican pollster Micah Roberts, It’s, Jim McLaughlin, ” McLaughlin, Roberts, ” Roberts, can’t, ” Tyler, Margie Omero, ’, Bobby Clark, Clark Organizations: CNN, GOP, Trump, Teamsters, Democratic, ACA, West, United Auto Workers, Biden, CNBC, Social Security, Republican, White, NBC News, New York Times, Siena College, CBS, Union, “ Locations: Wisconsin, Michigan, Belleville , Michigan, Scranton , Pennsylvania, Democratic, State, Biden’s

☆ Voters blame businesses more than Biden for sticky inflation
▼ + stars: | 2024-03-12 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

President Joe Biden is starting to win the inflation blame game against corporations. Still, voters growing frustration with businesses is a relief for the White House and Biden's reelection campaign. The consumer price index released Tuesday found that inflation ticked 0.4% higher in February, mostly matching analysts' expectations. In another welcome data point for Biden, consumer confidence has seen a record turnaround. In a CNBC interview on Monday, Trump slammed Biden's economy and "through the roof" energy and food prices.

Persons: Joe Biden, Biden, Donald Trump, Trump, he's, I'm Organizations: Granite State YMCA Allard Center of Goffstown, Times, Michigan Ross, Democratic, White, Union, University of Michigan, Financial, CNBC, Social Security, Biden Locations: Granite, Goffstown , New Hampshire, Michigan, New Hampshire

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