Whats Archives - DR News - News, Retirement, Finance

Security in Seniors: Biden and Trump Vow to Protect Benefits, but What’s the Financial Reality Ahead?

Washington D.C. – Both President Biden and former president Donald Trump have made a commitment to leave Social Security benefits untouched, a rare point of agreement between the two political figures. The popularity of the program among seniors, who are known for their high voter turnout, serves as a driving force behind this shared stance. Social Security plays a crucial role in income distribution, especially for lower earners who rely on it to prevent falling …

Retirement Announcement Rocks House GOP – What’s Next for the Party?

WASHINGTON, D.C. – The Republican Party in the House of Representatives faces another blow as another member announces retirement. This announcement adds to the increasing number of GOP members leaving their positions ahead of the upcoming midterm elections. The retirement of Representative from Texas, Jodey Arrington, marks another significant departure for the Republican Party. This comes as the GOP works to maintain control of the House amidst growing challenges and a shifting political landscape. Arrington’s …

Medicaid Program Vendors Announcement Delayed: What’s Next?

Tallahassee, Florida – The suspense continues as the Agency for Health Care Administration (AHCA) has yet to reveal the chosen vendors to help manage Florida’s vast Medicaid program. Rumors in Tallahassee suggested that the announcement would come last week, then this Monday, but the reveal is still pending. The contracts at stake are substantial, as the selected managed care companies will obtain six-year contracts to oversee a program that costs tens of billions of dollars …

Retiring in Our Mid-50s: Managing $1.9M on $225K Income – What’s Next?

Living in a bustling urban area, a couple in their mid-50s is facing a significant financial milestone. With an annual income of $225,000 and assets totaling $1.9 million, they are now contemplating the next steps to secure their financial future. As they navigate through their midlife years, the couple is pondering on how to make the most of their current financial standing. With a sizeable income and substantial assets, they are considering various options to …

Medicare Expands Coverage for Weight Loss Drugs: What’s the Real Cost?

Last month, the federal Medicare program made a significant announcement regarding the coverage of anti-obesity drugs such as Wegovy and Ozempic for patients at risk of heart attacks or strokes, marking a pivotal moment in the realm of medication. This decision is expected to spark debates about the long-term efficacy of these drugs and whether their high costs justify their benefits. Heart disease stands as the leading cause of death in the United States, claiming …

Pandemic Emergency Child Care Funding in North Carolina Set to Expire: What’s Next?

RALEIGH, N.C. – The child care sector in North Carolina has proven to be essential for the state’s economy, particularly during the coronavirus pandemic. Throughout the crisis, essential workers relied on child care providers to ensure the safety and well-being of their young children while they continued to work in crucial sectors such as healthcare, food processing, and sanitation. Nearly 221,000 children under the age of 5 in North Carolina are enrolled in child care …

Humana Reports Steep Losses: What’s Next for the Health Insurance Industry?

Humana, based in Louisville, Kentucky, has reported significant financial losses in the third quarter, raising concerns about its outlook for the coming year. The health insurer revealed its struggles with higher-than-expected medical costs and lower-than-anticipated enrollment in its Medicare Advantage plans. These setbacks have prompted Humana to revise its projections and signal potential challenges ahead. The company’s third-quarter earnings call highlighted a net loss of $941 million, a stark contrast from the $689 million profit …

Kat Von D Testifies at Miles Davis Tattoo Copyright Trial: ‘I Consider This Fan Art’ – What’s the Jury’s Verdict on Fair Use?

LOS ANGELES, CALIFORNIA – Kat Von D, the renowned tattoo artist and former reality TV star from “Miami Ink” and “LA Ink,” took the witness stand in a California federal court to defend herself against a copyright infringement lawsuit. The case revolves around a Miles Davis tattoo she created based on a photograph taken by a professional photographer, Jeffrey Sedlik. At the trial, Von D testified that she never obtained a license to use the …