Browsing Tag

Medicare

Biden Accurate on $35 Insulin Cap, Overstates Previous Medicare Costs

TL/DR - The cost of insulin for Medicare beneficiaries in the United States has been significantly reduced to an average of $35 per month, according to President Joe Biden. This reduction is due to recent changes by the federal government and drug manufacturers, as well as the Inflation Reduction Act that Biden signed in 2022, which capped…

Biden Plans to Broaden IRA Drug Pricing Rules in SOTU – Forbes

TL/DR - During his State of the Union address, President Joe Biden stated his intention to broaden the terms of the Infrastructure Investment and Jobs Act (IIJA), also known as the bipartisan infrastructure bill, in regards to drug pricing. His plan would involve the government negotiating drug prices for all Americans, not just those receiving…

Congress Again Delays Budget Decision: The Ongoing Saga

TL/DR - Congress recently avoided a federal government shutdown by passing a two-part continuing resolution, extending spending levels and federal agency funding. However, the difficulty of obtaining long-term care for seniors was highlighted by investigations indicating the financial burden on families and the use of artificial intelligence by…