Consumer rights & well-being

Medications

The U.S. negotiates Medicare drug price cuts that will save billions for U.S. citizens

The United States has negotiated down the prices of 10 top-selling prescription drugs used by Medicare by as much as 79%, hoping to save $6 billion in the first year as part of a plan hailed on Thursday by President Joe Biden with the aim to ease anger about high prices ahead of November elections. Biden’s signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026.

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Person repairing smart phone

Oregon governor signs nation’s first right-to-repair bill that bans parts pairing

The law, like those passed in New York, California, and Minnesota, will require many manufacturers to provide the same parts, tools, and documentation to individuals and repair shops that they provide to their own repair teams. But Oregon’s bill goes further, preventing companies from implementing schemes that require parts to be verified through encrypted software checks before they will function.

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Repairing a smart phone

California becomes third U.S. state to pass right-to-repair legislation

California will now require corporations to offer access to repair resources like parts, tools, documentation, and software for three years for products priced between $50 and $99.99 and seven years for those priced at $100 or higher. The act applies to gadgets and appliances made after July 1, 2021.

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All-electric vehicle

Consumer Reports confirms electric car owners spend half as much on maintenance

Chris Harto, CR’s senior transportation policy analyst, says: “Electric vehicle owners don’t need a coupon to get half-off typical maintenance and repair costs from their dealer, it comes standard! These savings are going a long way to offset the upfront costs for consumers.”

Consumer Reports confirms electric car owners spend half as much on maintenance Read more