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The Latest Breaking News from Medicare

Anti-obesity drug demand expected to skyrocket, but will insurance cover the cost?

New weight loss drugs can cost more than $1,000 a month, but most health plans don’t cover them.

Chicago Sun-Times

Dow Jones Hits Session Highs; Tesla Faces New Lawsuit From Customers, Agrees To Open 7500 Charging Stations

The Dow Jones rose, although initial jobless claims suggest a Fed pivot is a ways off.

Investors Business Daily

Medicare Negotiation Undercuts Biotech Stocks Regeneron, Halozyme

Confusion over new Centers for Medicare and Medicaid Services negotiating plans sent REGN and HALO stocks tumbling Thursday.

Investors Business Daily

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Why it's hard for the US to cut or even control Medicare spending

President Joe Biden’s 2024 proposed budget includes plans to shore up the finances of Medicare, the federal health insurance program that covers Americans who are 65 and up and some younger people with disabilities.

The Conversation

Editorial: Seniors beware: Biden policies threaten entitlements

Older Americans tend to vote, and they also tend to be wary of politicians who propose entitlement reform. That combination typically leads to inertia among elected officials whose objective is self-preservation.

Tribune News Service

Biden speaks in Las Vegas on prescription drug costs

LAS VEGAS — President Joe Biden on Wednesday urged lawmakers to work together to lower drug prescription costs for Americans.

Tribune News Service

Federal government to penalize AbbVie over the price of its blockbuster drug Humira

North Chicago-based drugmaker AbbVie must pay back Medicare for raising the price of its blockbuster drug Humira too quickly, the federal government said Wednesday.

Chicago Tribune

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ACOSS suggests superannuation, wine and soft drink tax changes as part of budget submission

From introducing a new tax on wine and sugary drinks to going further on superannuation changes, the Australian Council of Social Service outlines how it thinks the government should collect more money in the May budget.

ABC News

When will Medicare cover medical marijuana?

Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug

The Independent UK

Biden drawing contrast to Republicans on lower drug costs

President Joe Biden will highlight the stark differences in how Democrats are tackling skyrocketing drug prices compared to their Republican counterparts as he gears up for an expected reelection announcement

The Independent UK

Joe Battenfeld: Bank failures fueling insecurity and angst among American voters

The collapse of Silicon Valley Bank and two other large banks is fueling economic insecurity and angst among an already rattled American public and is prompting a major damage control effort by President Joe Biden.

Boston Herald

Woman stole from employer because she 'worked too hard'

A Melbourne mum who stole $180,000 from Medicare while working as a medical receptionist did it because she felt she was working too hard, a judge believes.

AAP

Why Medicare is suddenly under debate again

As the White House and Republicans in Congress gear up for negotiations over the U.S. debt ceiling, how to pay for senior health care could be a sticking point, even if cuts are "off the table."

WEKU

Why does insulin cost so much? Big Pharma isn’t the only player driving prices

Eli Lilly & Co.’s announcement that it is slashing prices for its major insulin products could make life easier for some diabetes patients while easing pressure on Big Pharma.

Tribune News Service

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news in one place.

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Tribune News Service

New obesity drug would cost Medicare $27 billion, even with limited uptake

Covering Novo Nordisk A/S’s new obesity drug Wegovy could strain the budget of US government insurance program Medicare, according to a new analysis in the New England Journal of Medicine.

The Independent UK

Haley wants entitlement program changes for younger people

Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected

The Independent UK

Trump sidesteps looming criminal probes as he goes after DeSantis in Iowa speech

The former president makes his case in Iowa as the 2024 campaign kicks off in earnest

ABC News

Inequity in mental health care is widening, with treatment 'out of reach' for many Australians

The cutting of Medicare-subsidised mental health sessions sparked fierce debate. But for many lower-income earners, it ignored a bigger, more important picture.

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Tribune News Service

Struggling to survive, the first rural hospitals line up for new federal lifeline

Just off the historic U.S. Route 66 in eastern New Mexico, a 10-bed hospital has for decades provided emergency care for a steady flow of people injured in car crashes and ranching accidents.

Los Angeles Times

Doyle McManus: Biden's budget was an opening bid. Where's the Republican plan?

President Joe Biden unveiled his $6.8 trillion budget proposal last week, and it drew the customary jaded responses: a work of fiction. A party platform with price tags. And, of course, dead on arrival.

The Guardian - US

Republican John Kennedy takes aim at Biden over social security funding

Senator accuses president of ‘demagoguing’ issue to fund and protect program, along with Medicare, from Republican proposals

Axios

House GOP's spending plans could threaten key Senate races

Several House Republicans are likely to run for Senate.

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

Roll Call

Freedom Caucus lays out debt limit, spending demands - Roll Call

House Freedom Caucus members want to cap nondefense discretionary spending at fiscal 2022 levels for the next decade.

The Independent UK

Biden budget vs. House GOP: Values on display in debt fight

President Joe Biden's federal budget is a statement of his values

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