When you reach 65, you will probably need to sign up for Medicare. This government-sponsored health care program is available to U.S. citizens eligible for Social Security. Before you rush to sign-up, there are some things you need to know about Medicare that may affect your choices. What Are You Signing Up for? Medicare Part…
The Supreme Court’s ‘American Hospital’ Case: A View of the DC Swamp
Commentary Critics of federal administrative agencies won a small victory in the Supreme Court on Jun. 15 with the justices’ unanimous decision in American Hospital Association v. Becerra (pdf). Justice Brett Kavanaugh’s opinion for the court offers, perhaps inadvertently, some revealing views of the D.C. Swamp: ridiculous legal complexities, absurdities in a major federal social…
Median Drug Launch Price 85 Times Higher Compared to 2008
A study led by researchers from Brigham and Women’s Hospital has found that median launch prices for new drugs have grown 85 times higher compared to prices in 2008 in the United States, resulting in higher pharmaceutical expenditures for consumers. Median launch prices for new drugs have increased from costing $2,115 in 2008 to $180,000…
US Social Security and Medicare Approach Insolvency, Warns Trustees
Both Social Security and Medicare programs are heading towards insolvency in the coming years, according to annual reports released by the Trustees of the two programs. The Social Security program will be insolvent in 13 years by 2035, the Social Security Trustees said in its report (pdf). Though the finances of the Social Security program…
Biden Administration to Keep Higher Medicare Premiums Despite Ruling on Key Drug
Higher Medicare premiums will remain in place at least until the end of the year, President Joe Biden administration has announced. The premiums were increased for 2022 because of uncertainty surrounding the Alzheimer’s drug Aduhelm. The Medicare Part B monthly rate was hiked 14.5 percent to $170.10. The assumed costs for the drug, though, are lower…
Seniors Sacrifice Health and Comfort as Inflation Lowers Standard of Living
May 10, 2022
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In response to inflation, the prizes at Bingo have changed in recent weeks at the Millersville Senior Center in Millersville, Pennsylvania. Instead of fun little trinkets, winning bingo players now choose between cleaning supplies, laundry items or snacks, depending on the theme of the week, Senior Center Director Starr Brubaker told The Epoch Times. Dryer…
An ‘Absolute Mammoth’: Psychiatrist Issues Stark Warning as Australia’s Disability Scheme Costs Outstrip Medicare
April 28, 2022
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The massive costs of Australia’s National Disability Insurance Scheme (NDIS)—tipped to hit $60 billion a year (US$42.7 billion) by 2029-30—will continue to escalate if changes are not introduced to arrest the ever-widening scope of services it tries to cover. Clinical psychiatrist Tanveer Ahmed has also warned that the program has distorted parts of the health…
Medicare Officially Limits Coverage of Alzheimer’s Drug to Those in Clinical Trials
Medicare will only cover a drug for Alzheimer’s disease for patients in clinical trials, President Joe Biden’s administration announced on April 7. The drug, Aduhelm, is made by Biogen. The government said in January that it planned to limit coverage of the drug, which costs $28,000 a year, to trial enrollees. But the announcement was…
House Passes Bill to Limit Price of Insulin, Republicans Object to ‘Government Drug-Pricing’
The U.S. House of Representatives passed legislation on March 31 that will limit the monthly cost of insulin to $35, a move that is claimed to be for the benefit of millions of Americans who depend on the drug. HR 6833 or the Affordable Insulin Now Act was sponsored by Rep. Angie Craig (D-Minn.). It…
Congress Passes Sweeping Bipartisan USPS Overhaul
March 9, 2022
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Congress on Tuesday passed a sweeping bipartisan bill designed to overhaul the U.S. Postal Service’s (USPS) finances and operations with about $50 billion in financial relief over the span of a decade. The Senate voted 79-19 for the bill, a month after the U.S. House of Representatives overwhelmingly approved the measure. It now heads to…
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