Make Me Smart The drug price blame game
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Dec 13, 2024 Lawmakers are tackling high drug costs with a bill aimed at breaking up powerful pharmacy benefit managers. The blame game unfolds as healthcare players point fingers at each other over skyrocketing prices. Meanwhile, General Motors shifts gears, abandoning its robotaxi business and focusing on smarter vehicles. And, in the holiday spirit, you can chat with an AI Santa Claus thanks to new tech features. It's a mix of fiscal debates and festive fun!
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Tax Cuts and Deficit
- Republicans want to extend the 2017 Tax Cuts and Jobs Act, claiming it won't increase the deficit.
- This act's provisions are set to expire, but extending them would worsen the deficit, contradicting their claim.
Drug Price Blame Game
- Pharmacy benefit managers (PBMs) and pharmaceutical companies blame each other for high drug prices.
- Lawmakers propose breaking up large health care conglomerates to address this conflict of interest.
GM Abandons Robotaxis
- General Motors is discontinuing its robo-taxi business, Cruise, after investing $10 billion.
- They will integrate some self-driving features into their vehicles instead.