What Drug Price Freezes Mean for You

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Subscribe to MONEY Magazine Are high drug prices causing you pain at the pharmacy counter? If so, you might have perked up at recent drug company announcements that they’re freezing prices on their medications. Unfortunately, there are some caveats. For starters, it’s a temporary move. Also, Big Pharma doesn’t set the price that insured people pay for their meds -- only the uninsured typically pay list price. Your out-of-pocket costs are governed by a number of complicated factors. Learn more about how the price freezes could affect you in today’s edition. Best wishes, Elizabeth P.S. If you like this newsletter, please pass it on to a friend! And if you got it from a friend, sign up here for email delivery to make sure you don’t miss the next issue. TIMELY RETIREMENT NEWS, INSIGHTS AND ADVICE Several of the Biggest Pharma Giants Are Freezing Drug Prices. Here’s How It Will Affect You Everything you need to know. Meet the Billionaire Investing Guru Whose 27-Year-Old Book Is Now Selling for $3,000 A bootlegged Kindle version spiked before getting pulled off Amazon. This Is the Best Barbecue Joint in Every U.S. State Yelp reviewers pick their favorite brisket, ribs, pork shoulder, and more. ASK A READER We had a fantastic chat in our Facebook group yesterday with William Danko, co-author of The Millionaire Next Door! Many thanks to all who participated. Topics included how the landscape has changed since the book first came out in 1996, whether Danko finds it hard to take his own advice sometimes (not these days, but he confessed to driving a Mercedes S500 in the days before he conducted his research), and how to motivate and educate young people. For those of you not on Facebook, I’ll leave you with Danko’s closing remarks: “I want to leave you with some wisdom from the late Malcolm Forbes. He said that true wealth gives you freedom. What does it matter if you're making a quarter million dollars a year and can't afford to retire? You are still a wage slave, however gilded the cage may be. Living on your current income matters, but being able to live off of your net worth matters even more.” RETIREMENT NEWS FROM AROUND THE WEB These States Have the Highest Average Retirement Savings You might be surprised: New York, home to many wealthy, isn’t number one. MARKETWATCH Ask Amy: Elderly Mom Drives Kids Crazy With Her Driving Amy advises a concerned daughter on what to do when her 89-year-old mother insists on driving without a license. THE CHICAGO TRIBUNE Can Congress Fix the 401(k)? Congress is proposing tweaks to our retirement system. Some say a bigger overhaul is needed. JILL ON MONEY A Tax-Friendly Savings Strategy for High Earners The GOP tax bill blessed the “back-door Roth.” CNBC ABOUT ELIZABETH Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien. To Unsubscribe You have received this e-mail because you are subscribed to this newsletter from MONEY.com. Unsubscribe here. Update Email Click here to update your email address. Privacy Policy Please read our Privacy Policy. MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. For Further Communication Please email retirewithmoney@moneymail.com Money Customer Service 3000 University Center Drive Tampa, FL 33612-6408 Connect with Money Find Money on Facebook Follow Money on Twitter Subscribe to more MONEY and TIME Newsletters Get Money Magazine on your Mobile Device Get MONEY on your iPad Subscribe to RSS Feed Subscribe to MONEY Magazine