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Make Me Smart
The drug price blame game
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!
13:31
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Quick takeaways
- Lawmakers are pushing to regulate pharmacy benefit managers to reduce healthcare costs amid political finger-pointing on budget issues.
- GM is pivoting from its robotaxi ambitions to focus on partially automated vehicles due to high development costs and regulatory hurdles.
Deep dives
Fiscal Responsibility and Budget Concerns
The podcast highlights the significant budgetary concerns raised by Treasury Secretary Janet Yellen, who proposed an additional three trillion dollars in deficit reduction over a decade to ensure fiscal sustainability. She emphasizes the lack of action by Congress to address the fiscal challenges, particularly regarding the potential extension of the tax cuts from the 2017 Tax Cuts and Jobs Act, which could exacerbate federal deficits. The discussion notes that both political parties are engaging in narrative strategies to argue the implications of these budgetary decisions, often using complex accounting methods to present their cases. This lack of transparency in budget scoring practices, particularly around a 10-year framework, complicates the understanding of the actual fiscal impact on the country.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode