The Wisconsin Biohealth Tech Hub aims to position the state as a global leader in personalized medicine, and will be led by BioForward Wisconsin, a nonprofit whose goal is to grow the state’s biohealth companies.
The provision, signed into law by President Biden, will significantly lower out-of-pocket drug costs for many of the nearly 1 million Wisconsin seniors enrolled in Medicare Part D coverage.
Starting in 2026, the prices for these drugs will decrease for up to nine million seniors, thanks to a provision in President Biden’s Inflation Reduction Act that allows Medicare to negotiate the prices for these drugs directly with the manufacturers.
The law ensured that 43,000 Wisconsinites were able to keep their health insurance, reduced the cost of insulin for nearly 32,000 seniors, and incentivized several manufacturers to invest in the state and create more clean energy jobs.
Short-term plans offer limited coverage, can deny coverage based on pre-existing conditions, and trick consumers into buying products that provide “little or no coverage when they need it most."
Women have suffered through ectopic pregnancies, miscarriages, fetal anomalies, and other complications, but have found it difficult to get the care they need due to restrictive abortion bans.
Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.
Biden’s plan would increase the Medicare tax rate on Americans earning above $400,000 from 3.8% to 5% to help keep Medicare solvent into the 2050s. No one earning under $400,000 a year would pay a dime more in taxes, under Biden’s plan.
House Republicans want to apply deep cuts to everything from health insurance to food assistance benefits, an effort that would plunge millions more Americans into extreme poverty.
The Biden administration announced recently that the U.S. will no longer be in a COVID-19 emergency as of May 11, which means that an estimated five to 14 million Americans could lose access to health insurance via Medicaid.
