Today

Medicare's new $50 GLP-1 weight-loss drug pricing arrives July 1

Good morning. Big Medicare news today centers on weight-loss drugs. Starting July 1, Medicare will offer GLP-1 medications for about $50, a change that could ease costs for many older adults who have struggled to afford them. Still, Medicare officials have not yet said how much this expanded coverage will cost the program overall.

Medicare Advantage is also in the spotlight. Insurance giant Elevance again avoided sanctions, but federal scrutiny continues. Massachusetts has sued UnitedHealth, and a federal appeals court is expected to rule on claims that UnitedHealthcare used deceptive Medicare Advantage ads. Medicare Fraud Prevention Week (June 1–5) is a timely reminder to guard your Medicare number.

In senior living, Brookdale's stock hit a 52-week low even as some investors note its shares have doubled. Sonida named a new chief operating officer, Jaybird added two Colorado communities, and a $108 million luxury community is opening in Texas. A pharmacy-discount warning also urges seniors to watch for hidden costs at the counter.