Medicare is barred from paying for weight-loss drugs like Wegovy. Lawmakers just took the first step to change that.

Tech Insider
Three boxes of Wegovy on a light wood counter

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Medicare is prohibited from covering weight-loss drugs — Ozempic could change that

Tech Insider
ozempic pen
Semaglutide is a weekly injection that mimics a hunger-regulating hormone in the body.

Insider

Biden will threaten Social Security and Medicare and 'bumble into the first default in our nation's history' if he doesn't negotiate raising the debt ceiling with Republicans, Kevin McCarthy says

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy holds the speaker's gavel high after winning election as speaker of the House early Saturday morning.

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Trump-aligned PAC rolls out Ron DeSantis 'Pudding Fingers' ad, mocking his rumored eating habits and hitting him on Medicare and Social Security

Tech Insider : Politics
A man sticking three fingers in his mouth to eat pudding
A man sticking three fingers in his mouth to eat pudding, taken from an attack ad against Ron DeSantis put out by the Make America Great Again PAC.

Still from Make America Great Again, Inc. ad

Lower income Americans are the group most likely to think they should be taxed more

Tech Insider : Economy
Biden
President Biden announced a proposal last month to fund Medicare by raising taxes on people making over $400,000.

Jacquelyn Martin, Pool

Call it the Great Cash Out: Almost half of job switchers are making the mistake of cashing out their retirement savings when they go

Tech Insider : Economy
A couple calculating their retirement expenses.
Under most circumstances, the IRS imposes a 10% penalty on those under the age of 59.5 who choose to cash out their retirement savings.

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Biden wants to make sure Medicare lasts the next 25 years by raising taxes on people making over $400,000 and pushing on big pharma to lower drug prices

Tech Insider : Economy, Politics
Biden
President Joe Biden speaks at the White House on January 12, 2023.

AP Photo/Andrew Harnik

If you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending

Tech Insider : Economy, Politics
House Minority Leader Kevin McCarthy speaks during a weekly Capitol Hill press conference on May 28, 2020 in Washington, DC.
Speaker of the House Kevin McCarthy.

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Trump bashes the GOP lawmakers who want to 'destroy our great Social Security' by raising the retirement age to 70

Tech Insider : Economy, Politics
Donald Trump at CPAC
Former U.S. President Donald Trump addresses the annual Conservative Political Action Conference (CPAC) at Gaylord National Resort & Convention Center on March 4, 2023 in National Harbor, Maryland.

Anna Moneymaker/Getty Images

There are whispers on Capitol Hill of a rare bipartisan effort to overhaul Social Security as the program is set to go broke in less than 10 years

Tech Insider : Economy, Politics
Sen. Mitt Romney (L), President Joe Biden (R).
President Joe Biden has previously said that he's open to ideas to avoid Social Security's impending insolvency. A group of bipartisan lawmakers including Sen. Mitt Romney are reportedly considering a federal Sovereign Wealth Fund as one proposal.

Anna Moneymaker/Getty Images, Carolyn Kaster/AP

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