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Democrats tout lowering prescription drug prices

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www.youtube.com – ABC11 – 2024-10-22 18:16:05


SUMMARY: President Joe Biden praised efforts to cut healthcare costs and lower prescription drug prices, highlighting a projected $60 billion savings for taxpayers. During an event in New Hampshire with Senator Bernie Sanders, they emphasized the common frustration among Americans of high drug prices. A new report from the Department of Health and Human Services revealed that nearly 1.5 million Medicare enrollees saved around $1 billion on drugs in early 2024 due to the Inflation Reduction Act, enabling Medicare to negotiate prices and capping insulin costs at $35 per month. Additionally, starting next year, out-of-pocket prescription costs for Medicare recipients will be capped at $2,000 annually.

Joe Biden and Bernie Sanders spoke Tuesday about the nearly $1B in savings for Medicare patients.

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News from the South - North Carolina News Feed

Helene: About $9B of resolution’s $110B relief headed to North Carolina | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – 2024-12-21 09:29:00

SUMMARY: Relief efforts for Hurricane Helene in North Carolina received a boost with the passage of the American Relief Act 2025, which allocates $110 billion for various disasters, including Hurricane Helene. While bipartisan support was shown, Republican U.S. Rep. Dan Bishop opposed the resolution. President Biden signed the bill, directing about $9 billion specifically to North Carolina for disaster recovery, including support for infrastructure and agriculture. The aid aims to address devastation from Helene, which caused significant loss of life and property damage. Key officials emphasized the importance of this funding for the recovery of communities in western North Carolina.

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News from the South - North Carolina News Feed

Social Security benefits boosted for millions in bill headed to Biden’s desk • NC Newsline

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ncnewsline.com – Jennifer Shutt – 2024-12-21 09:15:00

SUMMARY: The U.S. Senate passed a bipartisan bill to increase Social Security benefits by eliminating the windfall elimination provision (WEP) and government pension offset (GPO), affecting millions of Americans, particularly public servants. The legislation, costing over $195 billion over ten years, awaits President Biden’s approval. While many senators support these changes, some express concerns about the potential impact on the Social Security trust fund. Current estimates suggest this could advance insolvency by six months, prompting calls for a broader discussion on Social Security’s sustainability. The bill reflects longstanding efforts to rectify perceived inequities in the current system.

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Fuel prices better than national average for 3.3M forecast to travel | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – 2024-12-20 15:08:00

SUMMARY: As North Carolinians prepare for holiday travel, the average price for a gallon of unleaded gasoline is $2.83, below the national average of $3.05. AAA anticipates 3.5 million residents traveling at least 50 miles from home in the state between December 23 and January 1. While North Carolina’s gasoline prices are better than a month ago, diesel averages $3.41. Among 14 major metro areas, Jacksonville has the lowest unleaded price at $2.72, while Durham-Chapel Hill has the highest at $2.97. North Carolina’s gas taxes, currently 40.4 cents per gallon, fund transportation projects statewide.

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