Rising Archives - DR News - News, Retirement, Finance

Retirees Brace for Substantial 2025 Social Security Adjustment Amid Rising Inflation

Washington, D.C. – The recent meeting of the Federal Open Market Committee (FOMC) has shed light on potential developments that could impact retirees’ Social Security cost-of-living adjustments in 2025. The Federal Reserve, in its ongoing battle with inflation, aims to drive inflation below 2% while maximizing employment opportunities. However, recent statements from the FOMC indicate a lack of progress towards this inflation target, raising concerns about the future financial implications for retirees. One key factor …

Rising Malpractice Premiums Pose Barrier to Gender-Affirming Care for Minors at Small Clinics

Moline, Illinois – After the passing of a ban on gender-affirming care for minors in Iowa, a clinic in Moline, Illinois, has stepped in to offer these essential services to patients in need. The Project of the Quad Cities, a local LGBTQ+ health clinic, has hired a specialist in transgender healthcare in an effort to provide care to patients from rural eastern Iowa who previously had to travel long distances for treatment. This move comes …

Denver Health Struggles Financially Amidst Rising Uncompensated Care Costs

Denver, Colorado residents rely on Denver Health and other safety-net hospitals for vital healthcare services, catering to the most vulnerable in the community. However, the financial strain on these facilities is evident, especially when they provide care to individuals without insurance or covered by Medicaid. Denver Health, facing a crisis since 2022, has required millions in state bailout funds and donations from other healthcare organizations to stay afloat after providing over $260 million in uncompensated …

Rising Health Care Costs in Colorado: How much are health care costs increasing and why is no simple answer

DENVER, Colorado – Health care costs are on the rise, leading to some astonishing bills for patients in the state. According to the Center for Improving Value in Health Care in Denver, prescription drug payments by patients and health insurers in Colorado skyrocketed by 97% between 2013 and 2020, and overall health care payments per person averaged $7,200 in 2020, representing a 27% increase from 2013. The portion paid out-of-pocket by patients with commercial insurance …

Retirement Anxiety Grows Among Older Americans due to Rising Expenses and Lack of Savings

Washington, DC – A recent survey conducted by AARP reveals that approximately one-quarter of adults over the age of 50 in the United States who have not yet retired express concerns about their ability to do so, with some even believing they may never retire. The survey also found that 70% of respondents are anxious about the possibility of prices increasing faster than their income. According to the AARP research released on Wednesday, 25% of …

Germany’s Cabinet Approves 4.57% Increase in Retirees’ Pensions Amid Rising Wage Developments

Berlin, Germany (AP) — In a move to uplift retirees across the country, Germany’s Cabinet has approved a significant 4.57% increase in pensions starting this summer. This rise surpasses the current inflation rate, marking a positive development for more than 21 million retired individuals in Europe’s largest economy. The adjustment in German pensions is closely tied to wage trends, with recent salary negotiations in various sectors reflecting a rising demand for substantial pay raises to …

Columbia University Protests Prompt Calls for Student Safety Amid Rising Tensions

New York City, USA – Columbia University in New York City is facing growing pressure from leaders and organizations to address reports of antisemitic and offensive incidents on and near its campus. The university has been the center of attention this week due to a pro-Palestinian encampment and protest, sparking concerns about free speech rights and student safety. In response to the escalating tensions, Columbia President Nemat “Minouche” Shafik announced on Monday that classes would …

Retirement Healthcare Costs Soar: How to Budget and Prepare for Rising Medical Expenses

Los Angeles, California – Retirement can be an expensive endeavor, with recent surveys estimating the average cost anywhere between $1.5 million to $1.8 million. For many seniors today, a significant portion of these savings is expected to be allocated towards healthcare expenses. The Bureau of Labor Statistics reported that around 13% of a typical senior household’s spending in 2022 went towards medical costs, highlighting the importance of planning for healthcare in retirement. Health insurance emerged …

PBMs push back against rising drug costs in health care battle

New York, New York – Health care remains a hot topic in the United States, with Pharmacy Benefit Managers (PBMs) at the forefront of attention. PBMs are facing backlash for their role in pricing and accessibility of medications. The fight between stakeholders in the health care industry continues to escalate, with PBMs defending their practices amidst criticism. The complex world of PBMs involves negotiating drug prices with pharmaceutical companies, managing prescription drug benefits for insurers, …

Benefits Available for Veterans and Families to Cover Rising Cost of Living

Denver, Colorado – As the cost of living continues to rise, it is crucial for marginalized and at-risk communities to be aware of the benefits available to them. One group that can greatly benefit from existing programs is veterans and their families. For those who have served in the United States Armed Services, the U.S. Department of Veterans Affairs offers funding for various programs aimed at improving the quality of life and care for aging …