Owen Tucker-Smith
speaker
68 appearances
4 recordings
1 series
first heard May 2025
last heard 5d ago
Owen Tucker-Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
I only have one cup of coffee a day.
Belter Town gets its health care through this kind of regional trust where a lot of towns pool together their resources.
But their health care costs were going out of control.
And they realized that a big part of it was the surging cost of GLP-1s.
And it got so bad that the trust reserves were starting to run out.
And last year, they sent out these notices to towns like Belter Town telling them,
This is unsustainable, and we're needing everyone to basically chip in in the middle of the year.
So they imposed a mid-year rate increase, which crippled a lot of these towns' finances.
Belcher Town got hit with roughly $900,000 of expenses, and this is a town of just $15,000.
So $900,000 is a lot of money for them to find, and they're already stretched thin budget.
you often have to dip into your reserves.
And so it's harder for a city to say, let's do that big bridge repair that we've been talking about, or let's increase hiring.
So even if you personally aren't using GLP-1s, you might feel the impact if you have a child in the school district and they're gonna in some way
feel the impact of these budget cuts.
In many cases, these towns are starting to cut coverage or say, you can only use these drugs and get them covered by us if you are diabetic, not just for weight loss.
While the direct consumer prices
can be lower than they were once, they as employers and their health insurance plans are still paying these higher prices.
But they are optimistic that as these prices come down, A, it'll be less of a burden on a city, but B, if they do cut coverage, their employees might be more able to access the drugs on their own.
WSJ What’s News · Companies Turn to Foreign-Trade Zones to Shelter From U.S. Tariffs · 13 May 2025
podcast
So they go from the ports to these warehouses, and these warehouses, according to U.S. Customs, are technically not even part of America. They're considered sort of foreign soil for customs purposes in that they haven't gone through the customs process, so there aren't any tariffs assessed.
However, under Trump's latest executive order, they're basically locking in the tariff rate that was in place when the goods entered. This was a big source of confusion for a lot of companies who were exploring FTZs for the first time.
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