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Medicare to negotiate select drug prices with Big Pharma, lists first 10 drugs. – Herb Weiss
By Herb Weiss, contributing writer on aging issues While critics are attempting to go through the courts to put the brakes on allowing Medicare to negotiate and set drug prices, last week, the Biden administration announced its list of 10 drugs that will be subject to price negotiations mandated by the Inflation Reduction Act (IRA). …
Read MoreCombating loneliness and isolation in nursing facilities – Herb Weiss
By Herb Weiss, contributing writer on aging issues Almost four months ago, U.S. Surgeon General Vivek Murthy released an 81-page advisory report titled “Our Epidemic of Loneliness and Isolation,” putting a spotlight on a troubling national problem, the growing incidence of loneliness caused by isolation in our society. The nation’s chief advocate for public health…
Read MoreHealth advocacy groups oppose groups against drug price negotiations – Herb Weiss
by Herb Weiss, contributing writer on aging issues As supporters of President Biden’s Inflation Reduction Act (IRA) celebrate the one-year anniversary of the passage of this historic legislation, health advocacy groups gathered last week in Austin, Texas, Washington, D.C., Chicago and New York City to publicly oppose and call on the U.S. Chamber of Commerce, Pharmaceutical Research and…
Read MoreWake up call on spiraling brand-name drug prices – Herb Weiss
By Herb Weiss, contributing writer on aging issues A new pharmaceutical drug price report that is both timely and overdue has been released by AARP’s Public Policy Institute, following on the heels of the Centers for Medicare & Medicaid Services (CMS) releasing in June, which revised guidance for the historic Medicare Drug Price Negotiation Program. …
Read MoreRally round Martin O’Malley for Social Security Administration Commissioner – Herb Weiss
By Herb Weiss, contributing writer on aging issues Just weeks ago, President Joe Biden nominated former Maryland Governor Martin O’Malley, Social Security Commissioner, to lead the Social Security Administration (SSA) in delivering benefits to 67 million Americans per month, totaling over 1 trillion dollars in benefits paid during the year. With the SSA Trust Fund running…
Read MoreAARP helping RI communities become more livable with Challenge Grants – Herb Weiss
By Herb Weiss, contributing writer on aging issues Photo: Volunteer grandmas working in a straw bale garden, courtesy West End Community Center One might say that the Washington, DC-based AARP puts its money where its mouth is. The nation’s largest aging advocacy group recently announced that it is investing $3.6 million in 310 Community Challenge grants…
Read MoreAnnual retirement survey: Caregivers less likely to save. Support for this critical role. – Herb Weiss
EBRI Survey Says Unpaid Caregivers Less Likely to Save for Retirement By Herb Weiss, contributing writer on aging issues According to the 33rd annual Retirement Confidence Survey (RCS) released last week, caregivers are more likely to have lower levels of assets and more likely to have problems with debt than non-caregivers. Because of this they…
Read MoreSocial Security must be key issue in 2024 Presidential Election – Herb Weiss
By Herb Weiss, contributing writer on aging issues Last Wednesday, 178 House Democrats, (90% of the House Democratic caucus) led by Rep. John Larson (D-Conn.) introduced H.R. 4583, the “Social Security 2100 Act of 2023.” The 108-page bill would expand Social Security’s benefits, with no cuts, and keep the system fiscally strong for decades to…
Read MorePrudential Financial study: Gen Xers stumbling into retirement – Herb Weiss
By Herb Weiss, contributing writer on aging issues While aging baby boomers ease into retirement, a new research study finds that Generation X, born between 1965 and 1979, are now facing the harsh reality of not being financially prepared for their looming retirement. This demographic cohort group follows the baby boomers (1946 to 1964) and…
Read MoreRepublican Study Committee, Social Security and Medicare – Herb Weiss
By Herb Weiss, contributing writer on aging issues Last month, the Republican Study Committee (RSC) unveiled its 167-page FY 2024 “Protecting America’s Economic Security” budget proposal which calls for balancing the federal budget in seven years, slashes $16.3 trillion in wasteful government spending over ten years, and cuts $5.1 trillion in taxes. During the 118th…
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