moment. Um, Governor Caseasich, I want to start with you as a lifelong principled conservative, a guy who ran a state who understands the impact of a lot of the stuff, a lot of the cuts that are being talked about in this package, particularly to Medicare and to Medicaid and what that might do to rural hospitals. Um, when you look at a bill this big with this much in it, how do you feel as a guy who served on the Hill, but also as a guy who ran a state.Well, first of all, I was chairman of the budget commit ...

In President Trump's controversial spending bill, there are few things more controversial, including within his own party as how it changes the way states receive Medicaid funds and instead creates a $25 billion fund to support rural hospitals. Critics say that is not enough and will cost lives. So, what can Democrats do about it.Joining me now is Democratic Senator Ed Marky of Massachusetts. It's good to see you, Senator. And you and your Democratic colleagues have pointed this out that Republican healthc ...

President Trump's domestic agenda is now facing a new and major setback. This is on the budget and some of the things that Trump and the MAGA crowd want to ram through the budget, which is despite everything going on obviously in the world, still Donald Trump and the Republican party's greatest priority, getting this done somehow. And yet, as you're going to see in this breaking news, Republican senators are dealing with the setback in real time today.Well, I mean, as you know, it's pretty frustrating, righ ...

Budget Bill & Market Focus - The Senate's version of the budget bill differs significantly from the House version, particularly regarding salt deductions, which are proposed to return to $10,000 from $40,000 [2] - The bill is perceived as market-driven, aiming to strengthen the economy, with tax cuts playing a significant role [4][6][14] - The bill is not primarily focused on cost reduction and is expected to increase the national debt [5][6] Medicaid & Work Requirements - The Senate's version avoids drastic cuts to Medicaid expansion, maintaining the federal government's share at 90% instead of reducing it to 50%, which would have affected approximately 20 million people [3][4] - Implementing work requirements for Medicaid recipients is complex and could lead to bureaucratic challenges and potential legal battles [8][9][10][12] - States may need to invest significant funds to implement and defend work requirement systems in court [12] Economic Outlook & Tax Cuts - Tax cuts are expected to support the economy, potentially leading to a rate cut later in the fall [14][15] - Weak job numbers are anticipated in September, October, and November due to federal employees leaving, which could impact how tax cuts are perceived [15][16] - Reinvesting business tax cuts back into the economy is crucial for achieving higher growth and managing the deficit [17] Medicaid System Challenges - Medicaid is overly complex, with approximately 1,500 ten-digit codes, leading to waste, fraud, abuse, and misbilling [22][23][24] - Simplifying Medicaid at the federal level is essential to address these issues, but Washington often overlooks the complexities at the grassroots level [25][27] - Medicaid and Medicare are major drivers of increasing government spending, while discretionary spending receives more attention [30][31] Fiscal Sustainability Concerns - A fiscal crisis is anticipated in approximately eight years, with Social Security and Medicare facing bankruptcy and debt reaching $42 trillion [33][34] - Interest rate payments are projected to increase from $1 trillion to $1.3 trillion annually in about nine years [34] - Addressing these long-term fiscal challenges requires political courage, but there is a reluctance to tackle issues like Medicaid and Medicare [33]

US Fiscal Policy & Tax Cuts - GOP infighting centers on extending Trump tax cuts and specific taxes to cut, including those funding Medicare, impacting rural hospitals [1][2] - A populist wing of the Republican party, less concerned with debt, prioritizes constituents on Medicaid, diverging from traditional GOP entitlement reform views [3] - Senate uses SALT deduction proposal as a negotiating tactic, particularly regarding clean energy subsidies from the Inflation Reduction Act [7][8] - Republicans are divided on phasing out clean energy credits, with some supporting clean energy investment or having related activities in their states [8] - Action is expected on raising the $10,000 SALT deduction and extending various tax credits, which the House bill strictly limits [9] International Relations & US Role - President Trump left the G7 summit early, dismissing peace talks, contrasting with expectations of brokering a ceasefire [10] - Trump prefers deal-making over military action, potentially involving Israel, Iran, and Saudi Arabia [11] - Uncertainty remains regarding trade and the US role in Iran-Israel relations [12]

Well, moving on, a new report found that the majority of Americans don't know crucial information about their own retirement planning, answering just two out of six retirement related questions correctly. Joining me now is Yahoo Finance senior columnist Carrie Hannon. So, Carrie, why is financial literacy so important, especially when it comes to retirement.Yeah, this is huge, Ally. It's surprising and actually quite shocking that people don't know uh these basic concepts of what's going to determine their ...

Speaker Mike Johnson says Republicans are on track to pass President uh Trump's tax and spending bill by a July 4th deadline, but the House and Senate are still facing challenges over potential changes to the bill. Join us now, former House Speaker Kevin McCarthy. Uh he's the uh he's the chairman of the Alpha Institute.Walked in here whistling with so I mean he's in such a good mood. It's like he's always happy. Come on.Great to be an American years ago. number and and Becky immediately said, "Well, you're ...

Core Points - Medicare open enrollment occurs from October 15 to December 7, allowing over 66 million Americans to make changes to their coverage for the upcoming year [1][2] - This period is crucial as it is the only time beneficiaries can alter their coverage unless they qualify for a special enrollment period [2][18] Enrollment Details - During the open enrollment, beneficiaries should review materials regarding eligibility and plan changes, typically titled "Evidence of Coverage" (EOC) or "Annual Notice of Change" (ANOC) [3] - Beneficiaries can switch between traditional Medicare and Medicare Advantage plans, enroll in a Medicare Part D plan, or change their existing Part D plan [7] Medicare Plan Types - Traditional Medicare covers hospital stays (Part A) and doctor visits (Part B), with most beneficiaries not paying premiums for Part A but incurring costs for Part B and other services [4][5] - Medicare Advantage plans, offered by private insurers, bundle various Medicare parts and often include additional benefits like dental and vision coverage, but may limit provider choices [6] Future Changes - Starting in 2026, out-of-pocket costs for prescriptions under Medicare's drug plan will be capped at $2,100, with the maximum Part D deductible increasing from $590 to $615 [9] Coverage Components - Medicare consists of several parts: Part A covers inpatient care, Part B covers medically necessary services, Part C is Medicare Advantage, and Part D covers prescription drugs [10][11][12][13][14] - Standard Medicare does not cover certain services such as routine eye exams, dental care, and cosmetic surgery [15] Special Enrollment and Initial Enrollment - Special enrollment periods may apply for beneficiaries who experience specific life changes, such as moving or losing employer-sponsored coverage [18] - New Medicare enrollees have an initial enrollment period that spans three months before and after their 65th birthday [19] Government Shutdown Impact - Medicare open enrollment for 2026 will proceed as scheduled despite a federal government shutdown, with benefits and coverage remaining unaffected [20][21]