Retirement insights from a Colorado PERA perspective

News You Should Know

News You Should Know: Colorado Considering Price Caps for 5 Common Medications

A pill bottle with various types of pills spilling out of it sits atop a pile of $100 bills.
Photo credit: Oleg Elkov/Getty Images

Colorado Will Consider Capping the Price of These 5 Widely Prescribed Drugs | The Denver Post via MSN

The Colorado legislature passed a law that created the Prescription Drug Affordability Board in 2021. That board has the power to set maximum prices for up to 12 drugs a year, and the board has released the first five drugs it aims to cap. The drugs include costly medications to treat various autoimmune diseases, cystic fibrosis, and others.

AAA to AA+: How Fitch’s U.S. Downgrade Hits You | Nasdaq

The credit-rating agency Fitch Ratings recently downgraded the United States’ rating slightly from AAA to AA+. That move primarily affects the cost of government borrowing, but there could be some ripple effects for everyday Americans, as well.

Americans’ Credit Card Debt Hits a Record $1 Trillion | CNN Business

For the first time, the collective amount of credit card debt Americans hold has reached $1 trillion. Card balances have been on the rise for a while, and experts say that’s likely to continue since interest rates and prices for goods and services remain elevated.

Some Companies Consider “Grandternity” Leave for Older Workers | Marketplace

Americans are living and working longer, and that means there’s growing attention to the benefits needs of the aging workforce. One benefit companies are beginning to offer that we could see expand in the coming years is so-called “grandternity” leave for workers who want to take paid time off for the birth of a grandchild.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

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