US Economy

TL/DR - US Senators Jeanne Shaheen and Susan Collins have discussed their bipartisan INSULIN Act, which aims to lower the cost of insulin. Their bill proposes to extend Medicare’s $35-per-month cap on insulin prices to individuals with private insurance, control prescription drug middlemen's business practices, and simplify the process for new…

TL/DR - Under new initiatives, Medicare Part D and Part B now cap the cost of a one-month supply of insulin at $35, with no deductible needed. This change is part of President Biden’s Inflation Reduction Act, which aims to reduce the price of medication by targeting price gouging and allows Medicare to directly negotiate drug prices, capping the…

TL/DR - President Biden's Investing in America agenda has instigated robust investment in clean energy technologies, according to recent data. Private companies have announced over half a trillion dollars in new investment, including almost $360 billion in clean energy manufacturing, electric vehicles (EVs) and power generation, leading to an…

TL/DR - Doris Brown's solar-powered home in Houston was a refuge during a power outage caused by a lightning storm, demonstrating the advantage of solar power in such situations. A federal initiative under the Inflation Reduction Act, known as Solar for All, includes $7 billion to fund approximately 60 solar projects in disadvantaged…