Airfares have been taking off
Summary
Marketplace discusses the Federal Reserve's first rate hike in three years, driven by persistent inflation and rising airline fares fueled by jet fuel costs and reduced competition. The episode also examines how Medicaid funding cuts from the new tax law are forcing states to slash home-based care services, potentially pushing people with disabilities into institutional care in violation of the Americans with Disabilities Act.
Topics discussed
Sponsor: Hard Lessons podcast
Sponsor: Odoo business software
Fed raises interest rates to combat inflation
Rising airline fares and jet fuel costs
Airlines passing fuel costs to customers
Resilient demand for premium airline seats
Impact of Spirit Airlines' demise on fares
Sponsor: Odoo business software
Sponsor: University of Illinois iMBA
Medicaid cuts impacting state budgets
Interview intro: Medicaid cuts and home care
Case study: Nick Papadopoulos' story
Why home-based services are being cut
ADA rights vs. institutionalization
Closing: Gap between rights and funding
Promo: Marketplace podcast
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