House reintroduces legislation to give Medicare power to negotiate lower drug prices | Fierce Healthcare
A new bill in the U.S. House of Representatives would allow the Department of Health and Human Services secretary to negotiate prescription drug prices. Bill supporters say this would lower costs. It would also limit out-of-pocket costs for Medicare to $2,000 per year and peg drug prices to inflation. The bill’s opponents say the legislation, if passed, would stifle the creation of new drugs.
White House says capital gains tax would hit 0.3% of taxpayers | Reuters
Investors could see the capital gains tax almost double to nearly 40% under a tax proposal floated by the White House. The change has a major caveat, however: it would only apply to those earning more than $1 million per year.
How can HSAs be framed as retirement savings vehicles? | PlanSponsor
Unlike flexible spending accounts (FSAs), health savings accounts (HSAs) aren’t use-it-or-lose-it. If you have money in your account at the end of the year, it doesn’t go anywhere. HSA accounts typically have access to a wide range of investment options, too. As a result, some people use HSAs as a way to build up savings for health care costs in retirement. Because of the unique tax features of HSAs (contributions aren’t taxed, investment gains aren’t taxed, and withdrawals aren’t taxed when used for health care costs), taking a long-term approach with these accounts can pay off.
Having enough cash for your dream retirement comes down to how well you do these three things | CNBC
In this short video, a financial expert shares his top three tips to staying on track for retirement.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.
