US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

‘There’s no way that patients are going to be able to afford that.’ Why aren’t new drugs that can help you lose weight more widely used?

A pair of new drugs offer something many Americans desperately want: a way to lose weight.

‘There’s no way that patients are going to be able to afford that.’ Why aren’t new drugs that can help you lose weight more widely used?

“Ten years ago, policymakers would come out and say, ‘Fat people need to eat less and move more.’” – majority of people still feel this way, unfortunately. Most of them don’t know how hard it is to lose weight or if they have, they don’t understand that one weight loss plan may not work for another. Same way it is with medical treatments. One size fits all doesn’t fit all!

Will you get insulin-cost relief from the inflation bill? Not if you have private insurance

Will you get insulin-cost relief from the inflation bill? Not if you have private insurance

But an out-of-pocket cap identical to that for Medicare was stripped from the bill for those with private insurance because Democrats are trying to pass the bill by a simple majority through the reconciliation process. That requires Senate Parliamentarian Elizabeth MacDonough to vet the provisions. She said most of the health-related features were fine, but the insulin proposal for those who have private insurance, not Medicare, violated the Byrd provision, which says that issues “extraneous to the federal budget” cannot be passed by simple majority through reconciliation.

Out-of-pocket spending for those with Part D Medicare drug coverage will be capped at $2,000 a year.

In 2024, a 5% coinsurance payment that now kicks in after someone reaches the catastrophic drug spending level of $7,050 in Medicare will end. Because drug companies set their own prices, 5% on expensive drugs can be a lot of money.

Related:

Read More »

U.S. J&J Covid vaccine doses will be sent to Thailand-Myanmar border

U.S. J&J Covid vaccine doses will be sent to Thailand-Myanmar border

Millions of Johnson & Johnson doses have been sitting in warehouses since Emergent BioSolutions, a contract manufacturer, accidentally botched 15 million doses of the shot by mixing it with the AstraZeneca drug substance. Over the last several months, the Food and Drug Administration has investigated the batches and cleared them for use.