News You Should Know: Colorado Sets First Price Cap on Prescription Drug

Colorado Becomes First State to Cap Prescription Drug Prices | Denver7

After a lengthy process, Colorado’s Prescription Drug Affordability Board has for the first time set a price cap on a prescription medication. The board declared Enbrel, an injectable drug for autoimmune diseases, unaffordable last year before deciding to institute the price cap.

What Government Shutdown Means for Medicare, Medicaid and Other Health Programs | NBC News

As of publishing time, the partial shutdown affecting the federal government is still in effect as Congress remains stalled in its efforts to reopen government agencies. While essential programs like Medicare and Medicaid are still operating through the shutdown, they’re largely working under contingency plans with limited staff and resources.

42% of Americans on Track for Retirement, per Vanguard | PLANADVISER

A new survey finds while more American workers have access to retirement plans through their employers, less than half are likely to enter retirement with enough money to support their lifestyles. The growth in access to retirement plans has heavily favored defined contribution plans like 401(k)s, with the percentage of workers who have access to a defined benefit pension plan dropping to 23%.

$2 Trillion Left in 401(k)s Shows You Can Forget Money | Investopedia

If you’ve held a variety of jobs in the private sector over the course of your career, you may have left behind some retirement savings without even realizing it. A recent report found there are nearly 32 million employer-sponsored retirement accounts like 401(k)s that are sitting untouched. Those accounts hold more than $2 trillion in total, or an average of $67,000 each.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.