Trump’s New Executive Order Aims to Slash Drug Costs by Aligning with Global Prices

May 12, 2025 – In a move to lower prescription drug costs for Americans, former President Donald Trump signed an executive order (EO) directing federal agencies to align U.S. drug prices with those paid by other nations. According to a White House fact sheet, Americans currently pay more than three times what other countries do for brand-name medications.

This marks Trump’s second major drug pricing EO in recent months. In April, he signed another order targeting high pharmaceutical costs through Medicare reforms and industry regulations. However, experts caution that these changes may take time to implement, meaning immediate relief for consumers is unlikely.

Key Provisions of the Executive Order

The latest EO outlines several aggressive measures to reduce drug prices, including:

(more…)

💡 5 Common Myths and Facts About Health Savings Accounts (HSAs)

Health Savings Accounts (HSAs) have been around since 2003, but many people still aren’t making the most of them—largely due to lingering myths.

If you’re enrolled in a high-deductible health plan (HDHP), an HSA could be one of the most tax-efficient tools in your benefits toolbox—helping you cover today’s expenses and save for the future.

Here are 5 important HSA facts:
1️⃣ Triple tax advantages – Contributions are tax-free, growth is tax-free, and qualified withdrawals are tax-free.
2️⃣ Funds roll over – No “use-it-or-lose-it” rules like FSAs.
3️⃣ You own the account – It’s portable and stays with you, even if you change jobs.
4️⃣ Investment potential – Many HSAs let you invest once you hit a minimum balance.
5️⃣ Covers family expenses – Even if your HDHP doesn’t cover them directly.

(more…)