HHS Lowers Prescription Drug Prices Under IRA Medicare Rebates | Fierce Healthcare

The federal government released the latest list of prescription medications that will be discounted under Medicare because their prices rose faster than inflation. The list includes 64 drugs that will be available for lower coinsurance percentages as of July 1.

Reagan-Era Social Security Fixes Won’t Work This Time | Marketplace

There have been plenty of headlines about Social Security’s dwindling cash reserves—the latest projections show the program is likely to run out of cash in about a decade. But the question of what, if anything, lawmakers intend to do about it remains. While past reforms may provide some insight, lawmakers will likely have to come up with some new solutions this time around.

US Banks Suffer Steeper Losses, But Retain Large Cushions in Annual Fed Health Check | Reuters

Every year, the Federal Reserve conducts a “stress test” to assess the financial resilience of the country’s biggest banks. This year’s test found the banks would be able to withstand severe market volatility and other economic factors while still keeping enough money on hand to lend.

Stories About What Retirement Really Means | The New York Times

The New York Times asked its readers to send in their perspectives, experiences, and advice on retirement. Almost 1,500 people responded, and their views on retirement show a wide breadth of sentiments—positive, negative, and in between.

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