Trump administration preparing move to decrease Medicare drug prices
The action would reportedly involve Trump’s “most favored-nation” proposal which involves decreasing costs based on prices paid by certain other countries.
By Alex Nitzberg Updated: November 17, 2020 - 12:09am
FTA
The Trump administration is reportedly preparing a proposal to decrease some Medicare drug prices.
The action would involve Trump’s “most favored-nation” proposal, which involves decreasing costs based on prices paid by certain other wealthy countries.
The president issued an executive order in September about this issue.
The Hill cited unnamed sources which said that although plans could change, the Trump administration is getting ready to take action to enact the concept as soon as this week. They said it could be an interim final rule, meaning that it would entail skipping aspects of the regulatory process, thus advancing quicker.
“Trump’s actions would be sure to set off a backlash from drug companies, possibly including lawsuits to try to stop the rule,” according to The Hill.
Tesla’s Supercharger Network In Australia Officially Costs More Than Filling Your Car With Gas
by Tyler Durden Mon, 11/16/2020 - 23:40
FTA
Using the Tesla Supercharger network, it is now costlier to recharge your vehicle than it is to gas up at a traditional gas station, according to a new report from Australia-based WhichCar.
The news came as a result of a “recent price increase” to use the Superchargers and - stop us if you’ve heard this one - “incorrect fuel figures on the Tesla website”.
This, of course, puts an end to Tesla’s years long claims that recharging its vehicles offered savings versus traditional internal combustion engine vehicles.
“According to Tesla the cost of charging a Tesla Model 3 is $7 per 100km compared with $12 for a rival petrol car,” WhichCar notes, before revealing the estimate uses “at least three incorrect figures”. The report disputes “how much electricity a Tesla Model 3 uses, the cost of electricity at a Tesla Supercharger and the price of petrol.”
It also notes Tesla’s increase for its Supercharger to 52 cents per kilowatt-hour. The article calculates this recharging “even the most efficient” Model 3 Standard Range would cost $9.78 per 100km using a Supercharger.
It then notes that BMW’s 330i costs $8 per 100km to fuel, assuming the country’s average cost of premium unleaded at $1.38 - a figure sourced from the country’s government. The BMW consumes 5.8 litres per 100km, which is below Tesla’s estimates of 7.0 litres per 100km. This means the BMW is actually 18% cheaper to fuel than a Tesla is to recharge at a Supercharger.