Trump scrapped a proposed $2 drug program for seniors. But why?
President Donald Trump rolled back a Biden administration executive order aimed at lowering prescription drug prices, including an effort to make more generic drugs available to Medicare patients for just $2 a prescription.
Prescription drug cap may save Medicare enrollees thousands: Report
The law's new $2,000 out-of-pocket spending cap for prescription drugs is expected to save most affected enrollees an average of $2,474, representing a 48% reduction in their overall spending, including premiums and cost sharing, according to the report published by AARP.
Trump’s early moves could actually increase drug prices for seniors
But actions the new president has taken in his first days on the job could hit Americans — particularly seniors — in the wallet. On Tuesday, the first full day of his new term, Trump scrapped former President Joe Biden’s Executive Order 14087,
Cap on prescription drug spending should help seniors save money. Will Trump keep the law?
The new cap — part of the 2022 Inflation Reduction Act — started in the new year. It's unclear whether the Trump administration will keep or repeal the law.
Trump’s executive order rollback on drug price cuts alarms seniors
The action won't directly impact current drug prices but it could be a signal that other Biden-era health care expansions could be cut. Leaders in Congress have discussed cuts to
Lamont assures CBIA that CT’s spending cap is ‘sacrosanct’
Gov. Ned Lamont told business leaders he won't touch the spending cap, but left room for debate on other fiscal guardrails.
Minot Daily News14h
Council to send message opposing levy caps
Minot City Council members have collectively voiced their dislike for the local government spending caps being bandied about in the North Dakota Legislature. The council hesitated Tuesday to send a ...
AOL9d
How clubs kept to spending rules & what next?
It encourages short-termism." Maguire says the new spending cap rules which are due to start from 2025-26, after being ...
Yahoo Finance7d
New AARP Report: Medicare Part D Enrollees Who Reach the New $2,000 Out-of-Pocket Spending Cap Will Save Thousands Despite Premium Changes
"This report shows that most Part D enrollees who hit the new out-of-pocket spending cap this year will see substantial savings even after taking 2025 plan premiums into account, freeing up funds ...
Medicare's new $2,000 cap on out-of-pocket drug costs could save patients thousands, AARP says
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid ...
Los Angeles Times12d
4 takeaways from Newsom’s budget proposal
Also known as the Gann Limit, the spending cap requires revenue collected over a certain threshold to be evenly split between education and returned to taxpayers. In years of surplus, Newsom ...
Hartford Courant7d
Lamont assures business group that CT’s spending cap is ‘sacrosanct’
Gov. Ned Lamont told a business audience Wednesday that Connecticut’s spending cap, one of the so-called fiscal guardrails that have constrained state spending in a time of record budget ...