Friday Mar 17, 2023
The Friday Five for March 17, 2023: The first Medicare inflation rebate drug list; possible legislation coming for PBMs; February CPI, bank failures, and interest rates; Mint Mobile; and Meta’s “Year of Efficiency.”
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Resources:
2023 State of the Senior Market: In Review: https://agentsurvivalguide.podbean.com/e/2023-state-of-the-senior-market-in-review/
Annuities vs. 401(k)s: Examining Differences That Can Matter to Clients: https://agentsurvivalguide.podbean.com/e/annuities-vs-401ks-examining-differences-that-can-matter-to-clients/
Helping Medicare Clients Who Have Powers of Attorney or Conservatorships: https://agentsurvivalguide.podbean.com/e/helping-medicare-clients-who-have-powers-of-attorney-or-conservatorships/
Medicare Solvency, Connecting with Medicaid Beneficiaries, & More: https://agentsurvivalguide.podbean.com/e/medicare-solvency-connecting-with-medicaid-beneficiaries-more/
The Power of Listening & Laughter: https://agentsurvivalguide.podbean.com/e/the-power-of-listening-laughter-monday-motivation/
References:
Explaining the Prescription Drug Provisions in the Inflation Reduction Act: https://www.kff.org/medicare/issue-brief/explaining-the-prescription-drug-provisions-in-the-inflation-reduction-act/#bullet02
Fact Sheet: Medicare Prescription Drug Inflation Rebate Program Initial Guidance: https://www.cms.gov/files/document/inflation-rebate-fact-sheet-february-2023.pdf
FACT SHEET: Seniors Across the Country Are Saving Millions of Dollars in Health Care Costs Because of President Biden’s Prescription Drug Law: https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/15/fact-sheet-seniors-across-the-country-are-saving-millions-of-dollars-in-health-care-costs-because-of-president-bidens-prescription-drug-law/
Inflation Reduction Act Tamps Down on Prescription Drug Price Increases Above Inflation: https://www.hhs.gov/about/news/2023/03/15/inflation-reduction-act-tamps-down-prescription-drug-price-increases-above-inflation.html
Is My Money Safe?: https://www.aarp.org/money/investing/info-2023/fdic-and-more-insurance-faqs.html
Meta gives up on NFTs for Facebook and Instagram: https://www.theverge.com/2023/3/13/23638572/instagram-nft-meta-facebook-quits-digital-collectibles
Meta is cutting its Reels Play bonus program on Instagram and Facebook: https://www.theverge.com/2023/3/9/23633249/meta-ends-reels-play-bonus-instagram-facebook
Meta is laying off 10,000 more employees in a series of cuts: https://www.theverge.com/2023/3/14/23629726/meta-layoffs-mark-zuckerberg-facebook-tech-recruiting
Novo Nordisk to slash U.S. insulin prices by up to 75%, following move by Eli Lilly: https://www.cnbc.com/2023/03/14/novo-nordisk-to-slash-us-insulin-prices-by-up-to-75percent-after-eli-lilly.html
PBMs face scrutiny as House committee opens investigation: https://www.benefitspro.com/2023/03/14/pbms-face-scrutiny-as-house-committee-opens-investigation
Something broke, but the Fed is still expected to go through with rate hikes: https://www.cnbc.com/2023/03/13/something-broke-but-the-fed-is-still-expected-to-go-through-with-rate-hikes.html
T-Mobile buys Ryan Reynolds' Mint Mobile in a $1.35 billion deal: https://www.npr.org/2023/03/15/1163743380/t-mobile-buys-mint-mobile-ryan-reynolds
T-Mobile to Buy Low-Cost Carrier Mint Mobile: https://www.nytimes.com/2023/03/16/business/ryan-reynolds-mint-t-mobile.html
‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks: https://www.cnbc.com/2023/03/13/thats-how-capitalism-works-biden-says-of-svb-signature-bank-investors-who-lost-money-in-failed-banks.html
The Ambies 2023 Winners & Nominees: https://www.ambies.com/2023-winners
The forgotten rescue plan that could prevent another SVB-like collapse: https://www.cnn.com/2023/03/15/investing/premarket-stocks-trading/index.html
US inflation eases but stays high, putting Fed in tough spot: https://apnews.com/article/inflation-federal-reserve-interest-rates-banks-economy-40c98d52a8bc71e21a228ed5c1cbde86
