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| Presented By Bank of America |
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| Axios AM |
| By Mike Allen · Nov 02, 2022 |
| Happy Wednesday. Smart Brevity™ count: 1,488 words ... 5½ minutes. Edited by Noah Bressner. 🎤 If you're in D.C. this morning: Please join me live and in person at 8:15 a.m. ET for a blockbuster News Shapers event with the White House's Anita Dunn and Jen O'Malley Dillon, U.K. ambassador Karen Pierce, Christie Whitman and Voto Latino's María Teresa Kumar. |
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| 1 big thing: New health wars |
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| Illustration: Natalie Peeples/Axios |
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| All signs point to a crushing surge in health care costs for patients and employers next year — and health care industry groups are about to brawl over who pays the price. - Here's a special report from Axios' Caitlin Owens, kicking off a series to introduce our new, Congress-focused Axios Pro: Health Care, coming Nov. 14:
The cost surge will put pressure on Congress to stop ignoring the underlying costs that make care increasingly unaffordable for everyday Americans — and make billions for health care companies. - This year's Democratic legislation allowing Medicare to negotiate drug prices was a rare case of addressing costs amid intense drug industry lobbying against it. Even so, it was a watered down version of the original proposal.
Four changes unfolding now: - Even insured Americans are struggling to afford care — the result of years of cost-shifting by employers and insurers onto patients through higher premiums, deductibles and other out-of-pocket costs.
- Employers are struggling to attract and retain workers. Forcing their employees to shoulder even more costs seems like a less viable option.
- Tougher economic times make patients more cost-sensitive.
- Rising medical debt, increased price transparency and questionable debt collection practices have rubbed some of the good-guy sheen off of hospitals and providers.
The bottom line: All of this is coming to a boil. 💥 Launching Nov. 14 ... Axios Pro: Health Care Policy will take you inside the Capitol, with exclusive reporting and insights on the people, plans and power shaping the future of health care. - Why it matters: It's like Politico Pro, which we created in 2011 — but with a much bigger, laser focus on Congress and key committees.
If you're a Hill staffer or member — or your business relies on Congress and health care policy — this product is for you. - Sign up here for a 14-day free trial of Axios Pro: Health Care Policy. Tomorrow, you'll get an exclusive Deep Dive on cost battles to watch.
Share this story ... Get Axios Pro: Health Care Policy, and meet the reporters. |
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| 2. 🗳️ Tide turns red |
| J.D. Vance, the Republican U.S. Senate candidate in Ohio, at a Fox News town hall in Columbus yesterday, moderated by Bret Baier and Martha MacCallum. Photo: Joe Maiorana/AP With six days until midterms, just about everything is breaking in Republicans' favor, Axios' Josh Kraushaar writes. Cook Political Report yesterday moved ratings for 10 more House races — in solid-blue New York, New Jersey, Oregon, California and Illinois — in Republicans' direction. - If all of Cook's "lean," "likely" and "solid" Republican races hold, the GOP would only need to win 6 of the 35 "toss up" races to take the majority. Democrats would need to win 29 of the 35.
FiveThirtyEight's Senate forecast shows the race for the upper chamber remains in a "dead heat," but gave Republicans a lead (51/49) for the first time since July. Rep. Tim Ryan, the Democratic U.S. Senate candidate in Ohio, joined Fox News live in Columbus yesterday. Photo: Joe Maiorana/AP What's happening: Candidate quality — perhaps Democrats' biggest advantage this cycle — may not be as decisive as it once seemed. - Pennsylvania U. S. Senate nominee John Fetterman swept the Democratic primary because of blue-collar appeal. But ads battering him on crime, along with the reaction to last week's debate, have dimmed Democratic optimism.
- Ohio Senate nominee Tim Ryan represented a working-class northeast Ohio district in the House, and focused his campaign on union members and pitching an everyman appeal. But he still faces a difficult challenge in a red-trending state that former President Trump carried by 8 points.
🌊 At the same time, the wave could sweep in MAGA-aligned Senate candidates who looked like underdogs. - Keep a close eye on Blake Masters in Arizona and Don Bolduc in New Hampshire.
Share this story ... Go deeper: Dave Wasserman tweeted a chart of Cook's new House ratings. |
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| 3. 🥊 '24 rematch brews |
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| Illustration: Aïda Amer/Axios |
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| "Biden quietly but clearly prepares a potential reelection bid," The Washington Post reports: - "President Biden and first lady Jill Biden have been meeting since September with senior advisers at the White House residence to prepare a potential 2024 reelection campaign."
- "Top White House advisers Anita Dunn, Mike Donilon and Jen O'Malley Dillon, who played senior roles in Biden's 2020 campaign, have been involved in the planning discussions with Biden, as has Chief of Staff Ron Klain."
Trump 2024 campaign prepares for post-midterm launch, AP writes: - Aides to the former president are making quiet preparations for a campaign that could launch soon after Election Day.
- Trump wants to capitalize on GOP wins to propel himself toward front-runner for his party's nomination.
"I'm like 95% he's going to run," said Reince Priebus, Trump's former White House chief of staff. |
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| A message from Bank of America |
| Financing the transition to net zero |
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| The transformation to a net-zero emissions economy may be ambitious, but it is not impossible. By 2030, global investments in renewable energies must triple to $4 trillion per year. Bank of America's efforts in 2021 alone: $250 billion deployed to environmental finance efforts. |
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| 4. Capitol Police missed on-camera break-in |
| Cameras outside Speaker Pelosi's home in San Francisco last Friday. Photo/Godofredo A. Vásquez/AP Capitol Police officers tasked with monitoring live feeds from the department's 1,800 surveillance cameras initially missed the break-in at Speaker Pelosi's San Francisco home, The Washington Post reports. - After the attack began, one officer noticed flashing police lights on the camera feed and backtracked to see "a man with a hammer, breaking a glass panel and entering the speaker's home."
The assault has "put a spotlight on the immensity — and perhaps the impossibility — of law enforcement's task to protect the 535 members of Congress at a time of unprecedented numbers of threats," The Post writes. |
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| 5. 🇮🇱 Bibi heads for win |
| Former Israeli Prime Minister Benjamin Netanyahu and his wife, Sara, at his party's HQ in Jerusalem after the first exit poll results. Photo: Tsafrir Abayov/AP Benjamin Netanyahu's right-wing bloc is on its way to winning yesterday's Israeli election, with 85% of the votes counted. - Why it matters: It's a big victory for Israel's conservatives and ultra-Orthodox and an unprecedented rise for the extreme right, Axios from Tel Aviv author Barak Ravid reports.
- With a majority in the Knesset, Netanyahu will be able to easily form a coalition that could take steps to stop his corruption trial.
Between the lines: The Israeli left is poised to shrink to its lowest point ever. The Labor Party, which established the country in 1948 and ruled it for decades, is set to win just four seats. |
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| 6. Mourning Takeoff, rap innovator |
| Takeoff performs in L.A. during Global Citizen Live on Sept. 25, 2021. Photo: Rich Fury/Getty Images Atlanta and the music industry spent the first day of November trying to come to grips with the loss of Takeoff — part of the rap trio Migos — who was shot and killed early yesterday in Houston. He was 28. - Atlanta Hawks guard Trae Young tweeted simply: "No F--king Way." Takeoff was often spotted courtside at Hawks games and other NBA events.
- A Houston police spokesperson tells Axios a call for a shooting outside a private party at a bowling alley came in at 2:40 a.m. The caller reported hearing gunshots and seeing people running.
The backstory: Migos — a family group made up of Takeoff (born Kirshnik Ball), Quavo and Offset — got its start in 2008 in Lawrenceville, Ga., Axios' Ross Terrell writes. - The three were raised together. Quavo is Takeoff's uncle and Offset is his cousin.
Rap game influence: You probably have heard a Migos song or verse from Takeoff if you've been anywhere near a radio over the last decade. - The group's first major hit came in 2013 with "Versace." The song has since racked up more than 38.6 million views on YouTube and 26.5 million plays on Spotify.
The group's triplet style and cadence have also been echoed by Drake, J Cole and other artists. Migos fan Isaiah Lopez pays respects at the scene of the shooting. Photo: Annie Mulligan/Houston Chronicle via AP Viral moment: Migos appeared on James Corden's "Carpool Karaoke." After Corden pulled out a slide whistle, Takeoff's blank face turned into a Twitter staple. |
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| 7. ⚖️ First look: Barr, Ullyot to open firm |
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| Bill Barr in 2020, Ted Ulloyt in 2016. Photos: Chip Somodevilla/Getty Images, Steve Jennings/Getty Images for TechCrunch |
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| Former Attorney General Bill Barr and Ted Ullyot — an early Facebook executive, and veteran of other top government and corporate posts — tell Axios they plan to launch a new boutique law and consulting firm at the end of the year. - The firm will offer strategic advice to help clients navigate legal, regulatory, policy, commercial and public-affairs issues.
Barr says they'll be joined by others who "have the same level of experience leading organizations through complex, high-stakes, and sensitive matters." |
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| 8. 🦃 Turkey trouble: Big-bird shortage |
| Volunteers season turkeys for a Thanksgiving feast in Denver last year. Photo: Hyoung Chang/The Denver Post via Getty Images The U.S. government is warning of a big shortage of big birds this Thanksgiving, Axios' Kelly Tyko and Emily Peck report. - Because of avian flu outbreaks, finding 20-pound turkeys in some regions of the country could be tough, Agriculture Secretary Tom Vilsack said on a call with reporters yesterday.
"Some of the turkeys that are being raised right now for Thanksgiving may not have the full amount of time to get to 20 pounds," Vilsack said on the call, which was about the administration's effort to reduce meat and poultry prices in the long-term. - "I don't think you're going to have to worry about whether or not you can carve your turkey," Vilsack said. "Maybe smaller. But it'll be there."
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| A message from Bank of America |
| Funding a transforming world |
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| As the business community races to reduce its carbon emissions, enormous amounts of capital will be required to retool assembly lines, retrain workers and reimagine how the global economy operates. The private sector can organize and deploy that capital at scale. See how. |
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| 📬 Thanks for starting November with us. Please invite your friends to sign up to get their daily essentials — Axios AM, PM and Finish Line. |
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