Elections
South Carolina Sen. Tim Scott files for 2024 presidential run
Republican Sen. of South Carolina, Tim Scott, has leaped into the 2024 presidential race joining President Donald J Trump in a fight to seek nomination for the Republican primary.
Scott is the only black republican in the Senate and launched a $6 million ad campaign in states that are key to winning the presidency. This comes before his next scheduled ad campaign which will be announced May 22nd, according to reports from Fox News.
Moreover, Scott joins another South Carolinian, former Governor Nikki Haley, in the race for the GOP nomination. Haley announced her candidacy in February of this year. In addition to Haley being the former governor of South Carolina she is also the former Ambassador to the United Nations during the Trump administration.
After winning back his senate seat last year in a 25-point re-election victory, Scott was left with $22 million cash from his re-election fundraising. He is entering the race in a comfortable position and reports from The Washington Times are even saying that he poses a potential threat to Trump.
Polls have not been updated since Scott has filed to run but as of the last polls released, Trump was sitting at a powerful 71% approval rating with DeSantis in second at a measly 18%.
“I think the most important thing is the mission that we have,” Scott said in an interview with Fox News. “The mission we have is making sure that we restore hope and create opportunities for working class Americans. We’re going to have a Faith in America tour so that we can listen to the American people.”
Scott added, “I look forward to continuing to hear across the country what the priorities of the American people are.” He believes that with the United States of America in such a contentious and divided period of its democracy, the message to bring the country back together needs to be “optimistic and positive.”
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Senator Elizabeth Warren of Massachusetts, a longtime supporter of the Affordable Care Act, commonly known as Obamacare, is now acknowledging the unintended consequences of the healthcare legislation, particularly its impact on industry consolidation and rising healthcare prices.
Warren, who has been a vocal proponent of Obamacare, has recently had what the Wall Street Journal reported as an “epiphany” regarding the consequences of the healthcare law. In a letter addressed to the Health and Human Services Department inspector general, Warren, along with Senator Mike Braun of Indiana, expressed concerns about vertically-integrated healthcare companies potentially increasing prescription drug costs and evading federal regulations.
According to reports from Fox News, the bipartisan letter highlighted issues with the nation’s largest health insurers allegedly bypassing Obamacare’s medical loss ratio (MLR). According to Warren, these insurers, through vertical integration, have manipulated the system, leading to “sky-high prescription drug costs and excessive corporate profits.”
The senators detailed how conglomerates, like UnitedHealth Group, with ownership across various healthcare sectors, could inflate medical payments to pharmacies and, by realizing those payments on the pharmacy side, appear to comply with MLR requirements while retaining more profits.
Moreover, despite the Democrats’ argument that the MLR would benefit patients, it has incentivized insurers to merge with or acquire pharmacy benefit managers (PBMs), retail and specialty pharmacies, and healthcare providers. This, in turn, has made healthcare spending less transparent, as insurers can allegedly shift profits to their affiliates by increasing reimbursements.
Warren, who has consistently voted against Obamacare repeal efforts, notably advocated for a “Medicare for All” proposal during her 2020 presidential campaign. Despite her prior support for the healthcare law, Warren’s recent concerns about its unintended consequences have raised questions about the long-term effects of Obamacare and its impact on the healthcare industry.
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