What will it take for the stock market to reach bottom? Strategists at Goldman Sachs answer the question for MarketWatch • You may need to change your Medicare coverage. With open enrollment season in full swing, Elaine Silvestrini explains how to compare Medicare plans • This year’s Inflation Reduction Act should save you money. The Congressional Research Service summarizes its health provisions, from the $35 cap on insulin to Part D’s $2,000 limit on out-of-pocket expenses.
Here’s What Needs To Happen For The Stock Market To Bottom — The market is forward looking, to a time when the Fed sees a need to cut interest rates, rather than hike them to choke off the economy. Strategists at Goldman Sachs say the move feels premature. “Because we have not decisively met either of the two conditions—convincing inflation relief or a shift towards outright recession—that we think are necessary for a sustained shift, we do not think the pressure for tighter financial conditions is at an end,” they say. Read more…
Medicare Open Enrollment Starts Now. What You Need To Know — October 15 – December 7 is open enrollment for Medicare. It’s the time of year when Medicare beneficiaries can find themselves under siege from various insurance companies seeking their business. It’s also the time when experts recommend you review your Medicare coverage to see if you need to make a change. Read more…
Selected Health Provisions Of The Inflation Reduction Act — This year’s act makes wide-reaching changes to Medicare prescription drug coverage and more targeted changes to Medicaid, the State Children’s Health Insurance Coverage Program (CHIP), and private health insurance. The Congressional Research Service summarizes key health provisions. Read more…
John R. Day, Bill Ennis, and Matt Heller
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