Joining us right now first on CNBC is Medline CEO Jim Bole. Good morning to you. >> Good morning.>> Congratulations. This been this has been a quite a road for you to get to to this point. Uh why go public now.What's the what's what's the thinking in terms of where you came from and where you are right now. >> And as you know, we've been a private company for 58 years. Um with 58 years of consecutive growth, uh we just feel like this is the right time for us to kind of expand our voice.Historically, we've d ...

We are now 326 days away from the midterms and we are headed straight for the healthc care cliff. Today the Senate could not pass an extension to Obamacare subsidies. That means it is all but certain that premiums for millions of Americans will skyrocket next year.This is an urgent issue for those Americans who are dealing with plenty of other high costs. Here's what Republican Senator John Cornin said about what comes next. My hope is if we're unsuccessful today in passing a rational substitute for this fa ...

A new class of drugs can save the lives of children like Maisie. Trouble is, one dose costs millions of dollars. >> It was cheaper for her to die.They were banking on her dying. >> Neither health insurance nor government has figured out how to pay for the next wave of miracle medicines. I liken it to a coming tsunami which is basically going to overwhelm the employer sponsored insurance system. ...

Senator Cassidy joins us this morning. He chairs the health, education, labor, uh, and pensions, uh, or help committee. And Senator, it's good to have you on. Uh, Senator Doctor, it's good to have you on on this morning.Um, is there are we with with the competing plans. Are we moving somewhere. Because neither one is is probably going to pass.I is this is this necessary work that that we need to do the the the whole procedure to get to an end point at some point. >> Joe, it might be necessary. Good morning, ...

The White House, in sharp escalation of military action, has seized a large oil tanker off the coast of Venezuela. President Trump initially gave little information on why that tanker was taken by US forces, and as you heard earlier, he seemed to be unsure of where the oil on board would even end up. >> Well, thank you very much.It's been an interesting day from the standpoint of news. As you probably know, we've just seized a tanker on the coast of Venezuela. Large tanker, very large, largest one ever seiz ...

Core Insights - Rising healthcare costs are expected to create a financial shock for households in 2026, primarily affecting middle-income families due to higher insurance premiums [3][4]. Group 1: Projected Premium Increases - Premiums are projected to rise sharply in 2026 due to expiring Affordable Care Act (ACA) subsidies, increasing medical costs, and insurer pricing pressures [3]. - The median proposed increase in premiums is estimated to be around 18% to 20%, driven by high-cost specialty drugs, rising hospital and outpatient prices, and broader inflation in wages and staffing [5]. Group 2: Impact of ACA Subsidies - If enhanced ACA subsidies expire at the end of 2025, out-of-pocket premiums for individuals and families could spike significantly, with estimates suggesting an increase of $300 to $600 per month for households earning between $60,000 to $90,000 [5][6]. - Even if Congress extends the current subsidies, they may only mitigate the underlying cost drivers that are pushing premiums higher, such as provider pricing and administrative costs [7].

Poverty Line Calculation - The traditional poverty line calculation, based on families spending one-third of their income on groceries, may be outdated [1] - The original formula was developed by Molly Orch, observing that families spent roughly 33% of their income on groceries [1] Shift in Household Spending - Between 1963 and 2024, household spending composition has significantly changed due to exploding housing costs, healthcare expenses, and childcare costs [2] - Food at home now accounts for only 5% to 7% of household spending for most families [3] - Housing now consumes 35% to 45% of household spending [3] - Healthcare accounts for 15% to 25% of household spending [3] - Childcare can consume 20% to 40% of household spending for families with young children [3] Revised Poverty Threshold - Applying the original logic with updated spending proportions, the multiplier should be 16 instead of 3 [4] - The income inadequacy threshold for a family of four is estimated to be between $130,000 and $150,000 per year [4]

Core Insights - Rising healthcare costs are significantly impacting American workers' wages and overall economic competitiveness, as highlighted by Warren Buffett [1][2] - The shift in corporate taxes and healthcare spending is altering investment decisions and wage structures, with healthcare spending increasing from 5% to 17% of GDP [2] - Buffett's remarks emphasize that medical costs are a major threat to American economic competitiveness, affecting both executives and policymakers [2] Group 1: Corporate Partnerships - In 2018, Amazon, Berkshire Hathaway, and JPMorgan Chase formed a nonprofit to address healthcare spending for their employees, aiming for a simpler and more transparent healthcare approach [3][4] - The partnership represented a significant corporate effort to reshape healthcare benefits and was seen as a potential model for other employers [5] Group 2: Outcomes and Challenges - The initiative, named Haven, ended in 2021 due to the resistance to major changes within the healthcare system, despite the companies learning valuable lessons from the experience [6]

RT Bloomberg New Economy (@BBGNewEconomy)"Populations are ageing - healthcare costs and the uncertainty of AI - are causing governments to have more expensive programs."MD & Vice Chairman @PIMCO John Studzinski at #BloombergNewEconomy.⏯️ https://t.co/J5lCJT9OZp https://t.co/pvVgbKdPvg ...

Affordable Care Act (ACA) Subsidies & Healthcare Access - Democrats are pushing to extend Affordable Care Act subsidies, emphasizing the potential impact on millions of Americans facing increased premiums, co-pays, and deductibles [1][2][4] - Approximately 20 million Americans nationwide could be affected by the changes to ACA subsidies [4] - In one district alone, 38,000 people could see their healthcare costs skyrocket [4] - For a household with an average income of $56,000 in Ohio's 11th congressional district, premiums could double without the subsidies [5] - The Senate is scheduled to vote on an extension of ACA subsidies next month, but the House Speaker is noncommittal [7] Republican Stance & Healthcare Reform - There are potentially 25 Republicans who have indicated support for extending the Affordable Care Act tax credits [2][3] - The Republican party claims to have numerous ideas on how to fix healthcare, drive costs down, and increase access to care and quality of care [8] - The House Speaker views ACA subsidies as a "boondoggle to insurance companies" and a waste of taxpayer money [8] - Democrats argue that Republicans have failed to present a viable alternative to the ACA despite having almost two decades to do so [10][12] Political Strategy & Epstein Files - Democrats are employing a discharge petition strategy, similar to the one used to release the Epstein files, to push for a vote on ACA subsidies [6][18] - The release of the Epstein files is expected to be voted on in the House, highlighting a division between supporting victims versus supporting abusers [15][19] - Concerns have been raised regarding Donald Trump's interactions with Epstein survivors, potentially motivating his opposition to the file's release [17]