Budget Battles
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New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
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Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
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How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
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Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
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Debt Will Hit Record High This Decade, CBO Warns
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Congress Races Against the Clock to Avoid Shutdown
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Drugmakers Push Back Against Price Negotiations
By Michael RaineyMajor pharmaceutical firms are fighting a new federal program that empowers the government to negotiate lower prices for drugs that are widely prescribed in the Medicare system. The Washington Post’s...
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Biden Proposes a $7.3 Trillion Budget for 2025
President Biden on Monday proposed a $7.3 trillion budget for fiscal year 2025 that seeks to lower the costs of prescription drugs, child care and housing while also cutting the deficit by $3...
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UnitedHealth Faces New Justice Department Antitrust Probe: Reports
The Justice Department has reportedly launched an antitrust investigation into UnitedHealth, the nation’s largest health insurer and a top manager of pharmacy benefits and physician groups...
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Americans’ Top Financial Worry: Healthcare
By Michael RaineyHealthcare issues claim the top spots in the list of things U.S. voters are “very” or “somewhat worried” about being able to afford, according to the latest tracking poll from the healthcare...
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New Record for Obamacare Signups
By Michael RaineyA record 20 million people have signed up for health care through the marketplaces created by the Affordable Care Act, the Centers for Medicare and Medicaid Services announced Wednesday. This marks...
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As Drug Prices Rise, $35 Cap on Insulin Takes Effect
By Michael RaineyPharmaceutical companies rang in the New Year as they usually do: raising prices on hundreds of medications. According to research cited by Reuters , companies like Pfizer, Sanofi and Takeda will...
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More Than Half of Children Losing Medicaid Coverage Live in Just 5 States
By Michael RaineyAs individual states continue to disenroll millions of people from Medicaid and the Children’s Health Insurance Program (CHIP) now that pandemic-era suspension of participation guidelines has come to...
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Biden Admin Threatens to Seize Publicly Funded Drug Patents
By Michael RaineyThe Biden administration took steps Thursday that could clear the way for the federal government to seize the patents of high-priced pharmaceuticals that were developed using public funds. The move...
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CVS Says It Will Overhaul How It Prices Prescription Drugs
Drugstore giant CVS Health announced Tuesday that it is dramatically changing the way its pharmacies are reimbursed for prescription medications, shifting to a model that it says is simpler and more...
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Medicaid Expansion Opens Up Coverage for 600,000 in North Carolina
By Michael RaineyMore than 600,000 residents of North Carolina will gain access to health insurance starting today thanks to the expansion of the state’s Medicaid program. Since his election in 2016, Democratic Gov...
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Moderna CEO Blasted for Planned Covid Vaccine Price Hike
The CEO of drugmaker Moderna came under fire from lawmakers Wednesday at a Senate hearing focused on the company’s plans to quadruple the price of its Covid-19 vaccine. Moderna’s Covid booster costs...
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Health Care Spending Growth Continues to Slow, CBO Says
By Michael RaineyThe Congressional Budget Office says the projections it made soon after the passage of the Affordable Care Act overestimated the level of federal mandatory spending on health care for the period 2010...
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Insulin Makers Lowered Prices to Save — and Make — Money
Drugmaker Sanofi said Thursday that it will cut the list price of its most widely prescribed insulin by 78% and cap out-of-pocket costs for the drug at $35 a month for all patients with private...
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Biden Pitches Higher Taxes on the Rich to Help Save Medicare
President Joe Biden on Tuesday previewed his plan to address a looming Medicare funding crisis, proposing to extend the solvency of a key program trust fund by raising taxes on people making more...
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How Biden May Try to Shore Up Medicare
The White House is set to release President Biden’s budget proposal for fiscal year 2024 next Thursday. The president has previewed some broad points, saying that the plan will reduce deficits by $2...