Keefe Gorman, a multi-award-winning wealth management advisor, holds Certified Special Needs Advisor (CSNA), Certified Financial Planner (CFP), and Certified Financial Manager (CFM) designations. He leverages these credentials in performing his responsibilities as a managing director at the Ithaca, New York office of Merrill Lynch. In addition to his professional undertakings at Merrill Lynch, Keefe Gorman is deeply involved in various charitable causes. He is a frequent donor to the Leukemia and Lymphoma Society (LLS).
LLS is the world’s leading non-profit organization that seeks to find a cure for leukemia, lymphoma, Hodgkin’s disease, and myeloma, through groundbreaking research and innovative approaches. LLS also advocates for changes that address the burden of blood-cancer patients and their families through its Office of Public Policy.
LLS has praised passage of the Inflation Reduction Act of 2022. This significant legislation allows Medicare to negotiate the prices of prescription drugs. Patients can save up to $800 per year through Medicare’s negotiated prices. Under the Act, Medicare will negotiate prices for 100 drugs over the next 10 years, and pharmaceutical companies are required to rebate back price increases that are higher than the inflation rate.
Out-of-pocket Medicare Part D costs for medicines wil be capped at $2,000 annually by 2025. This provision ensures that blood-cancer patients will no longer face the hard decision to choose between pursuing treatment and paying for their living expenses. Over 40 percent of patients enrolled in the Medicare program reportedly abandon their cancer treatments when they spend over $2,000 on a single drug prescription.
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Michael Keefe Gorman, a broker with Merrill Lynch, serves a geographically diverse group of individual investors, businesses, and non-profits from his office in Ithaca, New York.
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