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- Medicare Open Enrollment Begins , 2027 Plan Changes Announced
Medicare open enrollment runs from October 15 to December 7 for coverage starting January 1, 2027, affecting more than 70 million enrollees. In 2027, the Part D out-of-pocket cap rises to $2,400 from $2,100, the standard deductible increases to $700 from $615, and a temporary Part D premium subsidy will end early. A 3.6% cost-of-living adjustment will add about $75 per month for nearly 72 million Social Security recipients, while 15 drugs will carry Medicare-negotiated prices from January 1. CMS expects these changes to lower prescription drug coverage for enrollees by $685 million in 2027. In October, more than 20 million Medicare enrollees (excluding Medicare Advantage enrollees) will receive a one-time $90 payment to help with Part B premiums.
- Medicare Open Enrollment Begins, 2027 Plan Changes Announced
- Medicare Open Enrollment Begins , 2027 Plan Changes Announced
Medicare open enrollment runs from October 15 to December 7, letting beneficiaries choose coverage effective January 1, 2027, as more than 70 million enrollees face changes to prescription drug costs. Social Security benefits will rise 3.6% in 2027, about $75 more per month for nearly 72 million recipients. The Part D out-of-pocket cap will increase from $2,100 in 2026 to $2,400 in 2027, and the standard deductible from $615 to $700. A temporary Part D premium subsidy will end early, and Medicare-negotiated prices for 15 drugs, including Ozempic and Wegovy, take effect January 1; CMS expects the change to lower prescription drug coverage for enrollees by $685 million in 2027. Separately, President Donald Trump announced one-time payments of $90 in October for more than 20 million enrollees to help cover Part B premiums, costing about $2 billion and excluding roughly 35 million Medicare Advantage enrollees.
- Medicare Open Enrollment Begins, 2027 Plan Changes Announced
- Medicare Open Enrollment Begins , 2027 Plan Changes Announced
Medicare open enrollment starts Thursday (October 15) and runs until December 7, with changes taking effect January 1, 2027 for more than 70 million enrollees. The Part D out-of-pocket cap rises to $2,400 from $2,100 and the standard deductible increases from $615 to $700, while a temporary Part D premium subsidy ends early at year's end. Social Security benefits will rise 3.6 percent in 2027, about $75 more per month for nearly 72 million recipients. Medicare-negotiated prices take effect for 15 drugs, including Ozempic and Wegovy, and CMS projects the change will reduce prescription drug coverage by $685 million in 2027. President Trump also announced one-time $90 payments in October for more than 20 million Medicare enrollees to help with Part B premiums, costing about $2 billion.
- Medicare Open Enrollment Begins , 2027 Plan Changes Announced
Medicare open enrollment runs from October 15 to December 7 for coverage starting January 1, 2027, affecting more than 70 million enrollees facing drug coverage and cost changes. The Part D out-of-pocket cap rises to $2,400 from $2,100, and the standard deductible increases from $615 to $700. A temporary Part D premium subsidy will end early at year's end, though CMS projects only modest increases for most people. Medicare-negotiated prices for 15 drugs, including Ozempic and Wegovy, take effect January 1. Separately, President Trump announced one-time payments of $90 in October to more than 20 million Part B enrollees, excluding roughly 35 million Medicare Advantage enrollees.
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U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
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