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AdvertisementAdvertisementThe Biden administration announced Tuesday it is beginning talks with drug makers behind 10 expensive medications to lower prices for recipients of Medicare, the national health insurance program for older Americans and people with disability status. The negotiations are expected to last until 2024, with the lower prices expected to go into effect in 2026. The Congressional Budget Office "estimated that price negotiation will lower average drug prices paid by Medicare and will reduce the budget deficit by $25 billion in 2031." "Negotiating provides us a critical tool to ensure they get those prescription drugs at lower prices – just as the U.S. Department of Veterans Affairs has done for years." AdvertisementAdvertisementThe Biden administration has recently taken aim at high drug prices and high profits at pharmaceutical companies.
Persons: , Biden, Juliette Cubanski, Harris, Xavier Becerra, Jardiance, Eli Lilly Organizations: Service, Congressional, Medicare, Biden, Harris Administration, Human Services, U.S . Department of Veterans Affairs, HHS, Centers, Services
Retirees who rely on Medicare for health-care coverage may see those benefits diminish in as soon as eight years. The program's hospital insurance trust fund, which pays for Medicare Part A benefits including inpatient hospital care, may only pay 100% of benefits through 2031, according to projections from Medicare's trustees. When it comes to repairing the programs' funds, Congressional lawmakers generally have two choices: raise taxes, cut benefits or a combination of both. "It's simple arithmetic: raise revenue or cut benefits," Whitehouse said of preserving Medicare. "If we abide by what seemed like a bipartisan commitment not to cut benefits," said Whitehouse, referring the State of the Union earlier this year, "we must safeguard Medicare by raising revenue."
Persons: Sen, Sheldon Whitehouse, Whitehouse, Joe Biden Organizations: Medicare, Finance, Social Security, Security
Also included is diabetes treatment Jardiance, which was used by nearly 1.6 million Medicare enrollees and had a 2022 out-of-pocket cost per enrollee of $490. In all last year, 9 million seniors and other Medicare beneficiaries paid more than $3.4 billion on these 10 drugs alone, the White House said. “For decades, drug companies in America made record profits while big pharma worked to block Medicare from being able to negotiate lower drug prices for seniors. Even with with Tuesday's prescription drugs announcement, however, the process could still be complicated by lawsuits from drugmakers and sharp criticism from Republicans. Biden noted that the drug manufacturers' agreeing to participate followed a court decision allowing Medicare price negotiation plans to move forward.
Persons: Joe Biden, White, , ” Biden, Biden, Organizations: WASHINGTON, Medicare, Services, Democratic, Biden Locations: America, Atlanta
In order not to run out of money in retirement, she'd need to save $375 a month in her workplace 401(k) plan — if the Social Security program remains fully in place. "The old-age poverty rate would soar if Social Security benefits were cut," said Richard Johnson, a senior fellow at the Urban Institute. The future of Social Securitywatch nowThe Social Security program has been weakened by a rise in people retiring and the fact that people are living longer. As a result, without any action from lawmakers, the trust fund that supports Social Security benefits for retirees is estimated to run dry in 2033. Workers would continue to pay Social Security payroll taxes, and those collected funds would still be payable to retirees.
Persons: Araya Doheny, Douglas Boneparth, Boneparth, Clifford, Cornell, Biden, Richard Johnson Organizations: Michell, Steel, Getty, Social, Security, CNBC, Workers, Clifford Cornell, Social Security, Finance, IRS, Center, Budget, Urban Institute, Social Security Administration Locations: Cypress , California, New York
Early decision, on the other hand, can "help leverage someone's admissions chances." Despite the possibility of improving your odds of acceptance, there are other factors to consider, especially when it comes to financial aid. For colleges, early decision is a win-winFor schools, offering students an option to apply early has clear advantages. In addition, getting a head start on the makeup of the freshman class helps admissions officers balance out enrollment needs with financial aid requests. (Some schools also offer another option, called Early Decision II, which is due in January.)
Persons: Eric Greenberg, Rick Castellano, Sallie Mae, — that's, Vasconcelos, Robert Franek, Greenberg, Franek, Jeff Greenberg, Louis Organizations: Greenberg Educational Group, Federal Student Aid, The Princeton, Greenberg Educational, Getty, Princeton, Emory University, Colgate University, Swarthmore College, Tulane University, Middlebury College, Washington University Locations: New York, St, Vermont
Watching my parents navigate their 80s made me think differently about long-term care insurance. My dad and stepmom bought long-term care insurance while they were in middle age and still without any medical problems. My stepdad was diagnosed with lymphoma and required 24-hour nursing care for several months after he first fell ill. Since they didn't have long-term care insurance, he and my mom had to pay out of pocket for home health care: approximately $10,000 per month. When my parents first needed care and support, I initially thought my husband and I were too old to qualify for long-term care insurance, but it turns out we aren't; many people seek out the insurance in their mid-50s to mid-60s.
Persons: , stepmom, stepdad Organizations: Service, US Department of Health, Human Services, American, of Medicine Locations: United States, Policygenius
A government shutdown happens when Congress doesn’t approve funding for the federal government by the time the new fiscal year starts on October 1. What it means for youBecause many federal workers are off the job during a government shutdown, many services are stopped or slowed, disturbing the day-to-day life for many Americans. What it means for government workersWhen a shutdown occurs, millions of federal employees and military service members do not get paid until it ends. During the last government shutdown in 2018-19, an estimated 420,000 federal employees worked without pay and another 380,000 were furloughed. Unlike federal workers, contractors have no guarantee of getting back pay once the government reopens.
Persons: wasn’t Organizations: CNN —, Social, Postal Service, Employees, NASA, Department of Homeland Security, Federal Aviation Administration, EY, of Labor Statistics, Federal Reserve, Small Business Administration, Securities and Exchange Commission, SEC
During a shutdown, the federal government ceases operations that are deemed non-essential. Win Mcnamee | Getty Images News | Getty ImagesIt's poised to occur this year as hard-right conservatives in the Republican-controlled House are using a possible shutdown as leverage to force deep cuts in federal spending. watch nowMillions may also lose certain federal benefits, with that threat increasing with the length of a shutdown, experts said. Food assistance through the Supplemental Nutrition Assistance, or SNAP, program is "on better footing" than WICs, which would likely be affected within days of shutdown, Sprick said. Section 8 housing vouchers, which are for families with low incomes, seniors and people with disabilities, would also be at risk, Sprick said.
Persons: , Kevin McCarthy, Win Mcnamee, Sprick, Mark Zandi, Zandi, Emerson Sprick Organizations: Bloomberg Creative, Bloomberg, Getty, Republican, Center, Congressional Research Service, Social Security, Congressional, Workers, Moody's, Contractors, Women, Assistance, SNAP, Loans, Small, Administration, U.S . Department of Education, Education, Center Service, Social Security Administration, Travelers, Transportation Security Administration, United Auto Workers Locations: U.S
Washington lawmakers are scrambling to pass a spending bill before an Oct. 1 deadline. For retirees who rely on Social Security and Medicare, the good news is those programs will mostly be unaffected because they are considered mandatory spending. "Checks will continue to go out," Bill Sweeney, senior vice president of government affairs at AARP, said of Social Security benefits. "Most seniors should be fine, both on the Medicare side and on the Social Security side," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. If a shutdown happens this time around, it may be brief, according to Bill Hoagland, senior vice president at the Bipartisan Policy Center.
Persons: Bill Sweeney, Maria Freese, Freese, Bill Hoagland Organizations: U.S . Capitol, Social Security, AARP, Finance, National Committee, Preserve Social Security, Center Locations: Washington ,, Washington
WASHINGTON (Reuters) - Florida Governor Ron DeSantis had a chance in April to address Donald Trump’s growing momentum toward the 2024 Republican presidential nomination. FILE PHOTO: Florida Governor Ron DeSantis talks with journalists after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 24 April 2023. The unforced errors in that early stage had a lasting impact on DeSantis’ campaign, they acknowledged. “The president was dead set on attacking Ron DeSantis as early as possible,” Chris LaCivita, Trump’s co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis’ campaign has sought to make some strategic adjustments.
Persons: Ron DeSantis, Donald Trump’s, Fumio Kishida, KIMIMASA, Trump, DeSantis, coy, I’m, Trump’s, , DeSantis ’, , Chris LaCivita, “ DeSantis, MAGA, LaCivita, ” LaCivita, Ford O’Connell, unelectable, Robert Bigelow, Ryan Tyson, ” David Polyansky, Evan Power, Power Organizations: WASHINGTON, Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party Locations: Florida, Tokyo, Japan, New York, Iowa, , Tallahassee, Lago
Florida Governor Ron DeSantis talks with journalists after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 24 April 2023. Reuters spoke to 16 political operatives and donors close to DeSantis to reconstruct the roughly 10-week period from mid-March - before Trump's first criminal indictment in New York - to DeSantis' campaign launch on May 24. The unforced errors in that early stage had a lasting impact on DeSantis' campaign, they acknowledged. "The president was dead set on attacking Ron DeSantis as early as possible," Chris LaCivita, Trump's co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis' campaign has sought to make some strategic adjustments.
Persons: Ron DeSantis, Fumio Kishida, KIMIMASA, Donald Trump's, DeSantis, Trump, coy, Trump's, Chris LaCivita, MAGA, LaCivita, Ford O'Connell, unelectable, Robert Bigelow, Ryan Tyson, David Polyansky, Evan Power, Power, Gram Slattery, Jim Oliphant, Nathan Layne, Alexandra Ulmer, Ross Colvin, Daniel Flynn Organizations: Rights, Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party, San, Thomson Locations: Florida, Tokyo, Japan, New York, Iowa, Tallahassee, Lago, San Francisco
The NumbersThe research examined the age-verification policies and other practices of 80 online dispensaries, based in 32 states, that sell marijuana to American customers. Of the dispensaries studied, nearly one-third allowed delivery across state lines — and of those, 95 percent offered delivery to states with marijuana laws different from the home state of the online dispensary. About one-third of high school seniors had used marijuana at least once in 2021, along with 20 percent of 10th graders and 8.3 percent of eighth graders. What’s NextOnline marijuana sales, and the ease of shipping, would seem to make it easier for minors to access the drug, the study’s authors noted. “It is imperative,” they wrote in their conclusion, “to require strict age-verification procedures prior to cannabis purchases online and to establish stringent surveillance of online marijuana dispensaries to protect youth.”In the interim, they added, “pediatricians and caregivers must be aware of the widespread availability of online dispensaries and potential dissemination of marijuana to minors.”
Persons: , , “ pediatricians Organizations: National Institutes of Health,
How DeSantis' Early Missteps Hobbled His U.S. Presidential Bid
  + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com   time to read: +11 min
Reuters spoke to 16 political operatives and donors close to DeSantis to reconstruct the roughly 10-week period from mid-March - before Trump's first criminal indictment in New York - to DeSantis' campaign launch on May 24. The unforced errors in that early stage had a lasting impact on DeSantis' campaign, they acknowledged. The DeSantis campaign told Reuters it did not want to discuss any past strategic decisions and was focused on preparing for the first nominating contests, which kick off with the Iowa caucus on Jan. 15. "The president was dead set on attacking Ron DeSantis as early as possible," Chris LaCivita, Trump's co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis' campaign has sought to make some strategic adjustments.
Persons: Gram Slattery, James Oliphant, Nathan Layne WASHINGTON, Ron DeSantis, Donald Trump's, DeSantis, Trump, coy, Trump's, Chris LaCivita, MAGA, LaCivita, Ford O'Connell, unelectable, Robert Bigelow, Ryan Tyson, David Polyansky, Evan Power, Power, Jim Oliphant, Nathan Layne, Alexandra Ulmer, Ross Colvin, Daniel Flynn Organizations: Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party Locations: Florida, Japan, New York, Iowa, Tallahassee, Lago, San Francisco
Patients with private health insurance aren't likely to see a drop in costs from the negotiations. Longo said the price-setting provisions will drive research and investment away from treatment options for Medicare patients. If drug companies won't come to the negotiating table to lower drug prices paid by private insurers, those insurers could take the companies' drugs off their lists of covered medications. Or, if private insurance companies don't negotiate drug prices down for their patients, patients in some cases could seek out different insurance. "These are not full solutions, but they are the beginning of cracks in the facade" of drug companies' constant price hikes, Feldman said.
Persons: Biden, Juliette Cubanski, Jeffrey Davis, Davis, Richard Frank, , Nicole Longo, Longo, it's, — aren't, Robin Feldman, Feldman, Cuban's Organizations: Medicare, Healthcare, Morning, Centers, Services, Congressional, McDermott, Consulting, Brookings Schaeffer Initiative, Health, Pharmaceutical Research, Manufacturers of America, PhRMA, University of California Law School, Costco, Pharmaceutical Locations: Lower
The Office of Management and Budget reminded senior agency officials Friday to update and review shutdown plans. Those plans can vary from shutdown to shutdown. The nearly 4 million Americans who are federal employees will feel the effect immediately. Essential workers will remain on the job, but others will be furloughed until the shutdown is over. For many of them, a shutdown would strain their finances, as it did during the record 35-day funding lapse in 2018-2019.
Persons: , , Doreen Greenwald, Everett Kelley, Pell, disbursing Pell, It’s, treasurers Organizations: CNN, Management, National Treasury Employees Union, American Federation of Government Employees, Transportation Security Administration, Social Security, TSA, of Labor Statistics, Federal Reserve, Business Administration, Futures, US Centers for Disease Control, Drug Administration, Safety, Health Administration, Environmental Protection Agency, , Smithsonian, National, National Archives, National Park Service, of Education, Federal Student Aid, Federal, Department of, Assistance, SNAP, US Department of Agriculture, Women, of Housing, Urban Development, Commission, Research, NOAA, Oceanic, Administration, National Science Foundation, Peace Corps, State Department, Defense Department Locations: United States, America, Washington, DC, shutdowns
Pfizer's vaccine, called Abrysvo, is already approved and available in the U.S. for adults ages 60 and up. The panel's recommendation puts Pfizer's maternal shot on track to reach the public as RSV begins to spread at higher levels. But younger children and older adults are particularly vulnerable to more severe RSV infections. Each year, the virus kills a few hundred children younger than 5, and 6,000 to 10,000 seniors, according to the CDC. RSV also causes around 58,000 to 80,000 hospitalizations among children younger than 5 years old each year, the CDC said.
Persons: Pfizer, Mandy Cohen, Luis Jodar, Pfizer's Abrysvo, Jefferson Jones, Jones Organizations: Disease Control, U.S, Public, CDC, Pfizer, Northern, Drug Administration, FDA, AstraZeneca Locations: U.S, Sanofi
NEW YORK (AP) — U.S. health officials on Friday recommended RSV vaccinations for moms-to-be, a second new option to protect newborns from serious lung infections. The shots should be given late in pregnancy but only during RSV season, the Centers for Disease Control and Prevention said. The RSV vaccine, made by Pfizer, should only be given between 32 weeks and 36 weeks of pregnancy. Some CDC panel members who ultimately supported the recommendation expressed reservations. Several also balked at the $295-a-dose price Pfizer has been charging for the same RSV vaccine for seniors, called Abrysvo.
Persons: , Mandy Cohen, Cohen, Grace Lee Organizations: , Centers for Disease Control, Prevention, Pfizer, CDC, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: — U.S, U.S
The subway rumbled toward its final stop north of Seoul. Along the way, hordes disembarked, with the determined, brisk gait of those with somewhere to be. Far from the city center, the thicket of high-rise buildings grew sparser, and the afternoon sun crept deeper into the train cars, riding on an elevated track at that point. By the end of the line, many who remained on board were noticeably older — nodding off, gazing out the window, stretching their shoulders. He ambled about a hundred yards beyond the station, rested briefly in the shade — and then got right back on the train heading south.
Persons: Lee Jin, Lee Organizations: Adidas Locations: Seoul
The state pays local housing authorities to maintain and operate the units whether they’re occupied or not. As of the end of July, almost 1,800 of the vacant units had been empty for more than 60 days. Doris Romero, a housing coordinator at a Boston shelter, was stunned to hear about all the vacant apartments. People interested in housing had to apply to separate local housing agencies, often in person. Since then, Hedison and other local housing officials have cited a litany of problems.
Persons: Deb Libby, Libby, she’s, , , Doris Romero, ” Ed Augustus, Augustus, Maura Healey, WBUR, David Hedison, Maureen Cayer, Healey, “ It’s, WBUR’s Beth Healy, Paula Moura, Read Organizations: Gov, Housing, Worcester Locations: Worcester , Massachusetts, Massachusetts, Boston, New York , Connecticut, Hawaii, Chelmsford, Agawam, Western Massachusetts, Adams, New York, Lowell, Rhode
Mesa, Arizona, tops SmartAsset's ranking of the most financially secure cities for seniors. SmartAsset analyzed housing, poverty, income, and government assistance data for those 65 or older in 37 of the nation's largest cities. SmartAsset ranked the cities based on six metrics of financial security, such as home ownership and the senior poverty rate. On the flip side, some of the nation's largest cities ranked at the bottom. Boston came in last, with a senior poverty rate of nearly 20% and under half of seniors owning a home.
Persons: Mesa Organizations: Louisville, Oklahoma City, Seniors, Service, Mesa, SmartAsset, Kansas City, Boston, — Northwestern Locations: Mesa , Arizona, California, New York, Wall, Silicon, Arizona , Kentucky, Oklahoma, Louisville , Kentucky, Louisville, Indianapolis, Albuquerque, Kansas, Midwest, New York City, Los Angeles, Jose, San Francisco
Whatever House Republicans come up with is nearly certain to be rejected by the Senate, where Democrats and most Republicans want to fund the government. Political Cartoons View All 1169 Images“The ball’s in Kevin’s court,” said Republican Rep. Ralph Norman of the Freedom Caucus. “Extreme House Republicans are playing partisan games with peoples’ lives and marching our country toward a government shutdown,” the White House said. But House Republicans are late to the effort, with time running short to act. One seasoned lawmaker, Republican Rep. Mike Simpson of Idaho, warned of pain ahead for Americans if the government shuts down.
Persons: Kevin McCarthy, McCarthy, ” McCarthy, Joe Biden's, , Ralph Norman, Stephanie Bice, Matt Gaetz, Byron Donalds, Gaetz, Victoria Spartz, Steve Womack, John Boehner, Paul Ryan, Womack, Chuck Schumer, Spartz, Chip Roy, ” Roy, Mike Simpson of, “ I’ve, ” Simpson, Kevin Freking Organizations: WASHINGTON, House Republicans, Republicans, Senate, Republican, Freedom Caucus, Caucus, GOP, White, Extreme, Biden, Associated Press Locations: U.S, Kevin’s, Texas, Mexico, Mike Simpson of Idaho
Deaths have outpaced births in Japan for more than a decade, posing a growing problem for leaders of the world’s third-largest economy. The country also has one of the highest life expectancies in the world, contributing to the ballooning elderly population. To some extent, that messaging has worked: there are now a record 9.12 million elderly workers in Japan, a number that has grown for 19 consecutive years. Workers age 65 and up now make up more than 13% of the national workforce, the internal affairs ministry said Monday. Japan’s elderly employment rate is among the highest across major economies, it added.
Persons: Fumio Organizations: Tokyo CNN, Ministry of Internal Affairs and Communications, Workers Locations: Japan, China, South Korea, Singapore, Taiwan
Carter Osborne's side hustle, advising high schoolers on their college application essays, has more than doubled his income over the last two years, he says. He never dreamed his side hustle, advising high school seniors on their college application essays, would give him a six-figure income. Coming from a family of educators, he'd actually enjoyed his own college application process. Applying to 10 schools — an ambitious but not uncommon number — means writing upwards of 25 essays, Osborne says. At first, the teen was hesitant to include the hobby in his college application, Osborne says.
Persons: Carter, Carter Osborne, Osborne, he'd, He'd, Here's, , I've Organizations: University of Washington, Seattle, Stanford University, CNBC, National Football League
The number of people who are living to at least 100 years old in the U.S. has doubled over the past decade. Many centenarians credit their longevity, at least in part, to their positive attitude. Roslyn Menaker, 103, told The Guardian that "happiness, joy, appreciation … a positive outlook," are why she has lived so long. Ruth Sweedler, 103, told CNBC Make It that she was always praised for her good attitude growing up. "I think the effects of just being positive are overstated," he says.
Persons: Roslyn Menaker, Ruth Sweedler, David Watson Organizations: Guardian, CNBC, University of Notre Dame Locations: U.S
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.
Persons: CNN — “ Troy, Hadrian, , , George S, Patton, , Stephen D, Clay Jones, Elon Musks, Elon, Nicole Hemmer’s, Walter Isaacson, Musk “, Musk, ” “ Isaacson, Isaacson, ” Hemmer, Walt Handelsman, Kevin McCarthy, Donald Trump, McCarthy, Joe Biden, “ Trump, impeaching Biden, Norman Eisen, Trump, ” Eisen, Biden, James Antle III, , Hunter, McCarthy “, John Avlon, Dennis Aftergut, Lindsey Graham wasn’t, Michelle Lujan Grisham, she’s, Hunter Biden, Robert J, Spitzer, It’s, ” Vladimir, Kim, Vladimir Putin, Kim Jong, Frida Ghitis, Putin, vaingloriously, Peter the Great, Sébastien Roblin, Don’t, Romney Francis Chung, AP Sen, Mitt Romney, Romney, Sen, John McCain, Trump’s, Lanhee J, Chen, Lisa Benson, Kate Bahn, ’ I’m, , Dana Peterson, Erik Lundh, ” Dana Summers, Kunis Mila Kunis, Ashton Kutcher, Mila Kunis, Danny Masterson, Jill Filipovic, “ Kutcher, Kunis, Kutcher, Masterson, Danilo Cavalcante, Arick, Scott Stantis, Jeff Yang, Jets Phil Hands, Julian Zelizer, Aaron Rodgers ’, ” Don’t, Nick Anderson, Tess Taylor, Tommy Tuberville, Mahnaz, Roxanne Jones, Coco Gauff, Amanda Tyler, Lara Setrakian, Paul Hockenos, Don Lincoln, Sophia Nelson, Tim Scott, Kenneth Branagh, Agatha Christie’s, Hercule Poirot, Noah Berlatsky, Poirot, Branagh, Sara Stewart, Winona Ryder Organizations: CNN, US, Marine Corps, Third Army, Vostochny, Twitter, Defamation League, Agency, Caucus, Republicans, Democrats, White, North, Putin, AP, Senate, Hollywood, Motors, Ford, Chrysler, Dodge, Peugeot, United Auto Workers, UAW, , Federal Reserve, Conference Board, Ninth, Academy Museum of Motion Pictures, REUTERS, Reuters, Apple, European Union, Jets, Boston Red Sox, The Chicago Cubs, The New York Jets, New York Jets, MetLife, Tribune, Studios Locations: China, Washington, New Mexico, Detroit, Russia’s, South Africa, Hunter Biden’s, Albuquerque, Bernalillo County, Russia, Ukraine, , Los Angeles , California, U.S, Aude, Pennsylvania, Brazil, Cupertino , California, Iran, New Texas, Venice
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