White House Office of Management and Budget, Associate Director for Health
Joined January 2021
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Topher Spiro retweeted
Auto insurance in PPI, which is what goes into PCE, came in much cooler than CPI in March month-to-month: 0.1%, versus CPI's 2.6%.
That difference alone will shave ~10bps off of monthly core PCE in March relative to core CPI.
Topher Spiro retweeted
Core CPI inflation comes in at 0.36% MM, the same monthly rate as last month. Markets were expecting ~0.27%. Year-on-year core CPI inflation was 3.80% this month, versus 3.75% in February.
A few observations. /1
Topher Spiro retweeted
Nothing to see here. Underlying inflation in core CPI (blue) - services inflation x/ owners' equivalent rent, healthcare & transport - is well very behaved in the March data. We're on the tail-end of start-of-year price resets now. Inflation will slow sharply in April data...
Topher Spiro retweeted
Happy Valentine’s Day, Speaker Johnson!
ALT A Valentine showing Speaker Johnson's face that reads "Roses are red, Violets are blue, The border deal was crushed, Because of you."
Topher Spiro retweeted
For years, Congressional Republicans said they wanted to secure the border.
President Biden and his team worked for months with a group of bipartisan Senators to reach a historic bipartisan border deal.
And then, Congressional Republicans just walked away.
Topher Spiro retweeted
Absolutely wild that this is presented as something the drug companies are doing and not a law that the Biden admin passed.
Starting today, all three major insulin manufacturers are offering $35/mo caps on out-of-pocket costs.
Also today, they’re cutting list prices by 70% or more - a move that’s expected to *save* them hundreds of millions of dollars a year.
Readers added context they thought people might want to know
Under the Inflation Reduction Act, out-of-pocket costs for insulin in Medicare are now capped at $35 per monthly prescription for Part D, as of January 1, 2023
aspe.hhs.gov/sites/default/…
Topher Spiro retweeted
Today, Jill and I mourn the loss of Ady Barkan and offer our deepest condolences to Rachael, Carl, and Willow during such a difficult time.
He turned his pain into purpose and, in turn, inspired optimism in the hearts of countless people living with ALS and their loved ones
It’s like he said in a speech just one month ago, “Staying in the struggle can bring beautiful rewards.”
I know from experience what it’s like to lose a piece of your soul to a deadly disease – to watch the most honorable person you know fight until the last breath with absolute courage and character.
I hope Ady's family can find some measure of comfort in knowing that Ady’s legacy will endure through them, and all those whose lives he touched.
Topher Spiro retweeted
Farewell, beautiful soul. politico.com/magazine/story/…
Topher Spiro retweeted
Hi all, this is Ady’s wife, Rachael. I’m devastated to share the news that Ady has died from complications of ALS. You probably knew Ady as a healthcare activist. But more importantly he was a wonderful dad and my life partner for 18 years. [1/4]
ALT A photo of a family on a path outdoors. A man is seated in a wheelchair with a woman standing to his right and a toddler girl standing next to her. A young boy stands to the left of the man.
Topher Spiro retweeted
It’s rare to see a more self-defeating “offset” than imposing spending cuts that add to the deficit. This was fairly predictable as the IRS money was originally scored as a deficit reducer.
Topher Spiro retweeted
Every $1 you cut IRS funding will lose about $2 of revenue.
So that means this bill would add about $30 billion to the deficit.
crfb.org/blogs/irs-rescissio…
NEWS w @bresreports -- HOUSE REPUBLICANS' Israel aid bill is out.
It offsets $14.3 billion in Israel aid with $14.3 bllion in cuts to IRS from the Inflation Reduction Act.
This offset will NEVER, EVER fly. Dems will reject it out of hand.
Here's the bill: punchbowl.news/file_5406/
Topher Spiro retweeted
“That is theater. I will tell you, the guy who picks up the trash in my office won’t get a paycheck. That’s real.”
— OMB Director Shalanda Young, when asked about House Speaker McCarthy claiming he won't take a salary during the government shutdown and if Biden will do the same
Topher Spiro retweeted
Do you know about the @CDCgov Bridge Access Program? This program will provide no-cost COVID-19 vaccines to adults without health insurance and for those who have insurance that does not cover vaccine costs.
Topher Spiro retweeted
OMB director Shalanda Young Is on the TIME100 time.com/collection/time100-…
Topher Spiro retweeted
A first: Biden administration uses leverage to require #Regeneron to charge no more in the US for a future #Covid monoclonal than it does in economic peer countries. @statnews' @rachelcohrs reports.
statnews.com/2023/09/13/covi…
Topher Spiro retweeted
Paul Friedrichs is going to be the inaugural director of the White House Office of Pandemic Preparedness and Response
People who know me know -- I am genuinely thrilled
Paul is awesome
Let me explain a bit why
nytimes.com/2023/07/21/us/po…
Topher Spiro retweeted
First on CNN: The White House Council of Economic Advisers has built an apples-to-apples inflation metric that finds inflation in the US is lower than in any other G7 country.
cnn.com/2023/06/27/economy/i… #EconTwitter
Topher Spiro retweeted
The majority of your exposure to outdoor air pollution occurs indoors.
--> MERV13 filters
--> portable air cleaners
#HealthyBuildings
Topher Spiro retweeted
McCarthy says Biden stopped him from cutting Social Security and Medicare americanindependent.com/mcca…
