• New Year 2025: Drug Prices Cap, Wage Hike, and Local Updates in Minneapolis

  • Jan 1 2025
  • Length: 3 mins
  • Podcast

New Year 2025: Drug Prices Cap, Wage Hike, and Local Updates in Minneapolis

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  • Summary

  • Good morning, this is Minneapolis Local Pulse for January 1, 2025. We're starting the new year with a look at some of the major developments and updates in our city.

    First off, several new laws are taking effect today in Minnesota, including a cap on prescription drug prices. This means that for certain life-saving medications like insulin, asthma inhalers, and EpiPens, copays will be limited to $25 a month, and medical supplies to $50 a month. This change could help many families save thousands of dollars a year[1][5].

    In employment news, two new laws are also going into effect. Employers with more than 30 employees must now disclose salary ranges and benefits in job postings, and there are updates to the Earned Sick and Safe Time law. Additionally, the statewide minimum wage is increasing to $11.13 an hour, which will be a significant boost for many workers[2][5].

    Moving on to real estate, while there aren't any major property sales or development projects to report today, it's worth noting that foreclosures are down in Minnesota, but mortgage scams are on the rise. Homeowners are advised to be cautious of unsolicited mailings asking for up-front payments[4].

    From city hall, the Minneapolis city council recently discussed and passed the 2025 budget, which includes various allocations for infrastructure and community projects[3].

    Looking at the weather, today is expected to be chilly, so make sure to bundle up if you're planning on heading out. There are no significant weather alerts for today, but we'll keep you updated if anything changes.

    In business news, there are no major openings or closings to report today, but we do have some upcoming community events. Over the next few days, you can catch various New Year's celebrations around the city, including at the U.S. Bank Stadium.

    In local school achievements, Red Lake elementary students have been excelling in college-level Ojibwe language classes, which is a great story about preserving cultural heritage[4].

    On a more serious note, in our crime report, there was a recent incident involving a fight at a YMCA in Edina that left a teen with brain injuries. Police are investigating and seeking video footage of the incident[4].

    Finally, in a feel-good community story, a local dealer in Minnesota is collecting stories while selling snowmobiles, highlighting the resilience of the Arctic Cat brand[4].

    This has been Minneapolis Local Pulse. We'll see you tomorrow with more local updates.
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