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Keyword: medicare

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  • Your vanishing health coverage: Employers are cutting retiree health benefits at a rapid rate

    05/11/2016 2:38:14 PM PDT · by Oldeconomybuyer · 15 replies
    Los Angeles Times ^ | May 11, 2016 | By Michael Hiltzik
    The shrinkage of employee retirement resources in the US has been well documented, as employers shift more risk onto their workers. Less so is the rate at which employers have been eliminating healthcare benefits for retirees. As the Kaiser Family Foundation recently reported, retiree health coverage is becoming an endangered species. "Employer-sponsored retiree health coverage once played a key role in supplementing Medicare," observe Tricia Neuman of the foundation. "Any way you slice it, this coverage is eroding." The chances of reversing this trend, plainly, are nil. But it's important to keep an eye on it, if only as a...
  • Simple Math Shows America Is Headed for an Economic Disaster

    04/18/2016 7:21:40 PM PDT · by george76 · 52 replies
    The Daily Reckoning ^ | March 30, 2016 | Jody Chudley
    Stan Druckenmiller ... when I look at the current picture of expected tax revenues combined with benefits promised to future generations, this is the most unsustainable situation I have seen ever in my career. The disaster that Druckenmiller sees coming for the United States is all about changing demographics and entitlement spending. They don’t add up to a sustainable situation. In 1940, entitlement payments, which include everything from disability payments to Social Security to Medicare, amounted to just over 20% of annual government spending in the United States. Today, entitlement spending has swelled to nearly 70% of the annual federal...
  • 'Innovation Center' tries to reinvent Medicare

    04/18/2016 8:42:12 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Apr 18, 2016 4:08 AM EDT | Ricardo Alonso-Zaldivar
    They work for the government and even their closest relatives have no idea what they do. It’s not because they’re spies or nuclear scientists, but because their jobs are so arcane: trying to reinvent Medicare to improve it, and maybe save taxpayers money. In a sprawling, nondescript office park near Baltimore, some 360 people at the Center for Medicare & Medicaid Innovation are trying to change the health care system, using the government’s premier insurance program as leverage. If they prevail, the U.S. may no longer have the worst of both worlds: unsustainable spending and unenviable results. […] Because the...
  • Psychologist, judge, lawyer charged in plot to steal $600 million

    04/06/2016 4:41:43 AM PDT · by huldah1776 · 13 replies
    Washington Examiner ^ | April 6, 2016 | Anna Giaritelli
    A retired judge, lawyer and psychologist have been charged in a plot to scam the federal government of $600 million through false disability claims. Various federal agencies, including the Justice Department, Social Security Administration, Health and Human Services, Internal Revenue Services, and FBI, announced late Tuesday the indicment of David Daugherty of Myrtle Beach, S.C., Eric Conn and Alfred Adkins, both of Pikeville, Ky., on 18 charges. "While Social Security disability programs are designed to support the disabled, the defendants allegedly used it to enrich themselves. Today's arrests demonstrate, however, that the Criminal Division will root out greed and corruption...
  • Dem Donors Plead Guilty to $33 Million Medicare Fraud Scheme

    04/02/2016 2:42:29 PM PDT · by Kaslin · 19 replies
    The Washingon Free Beacon ^ | April 1, 2016 | Joe Schoffstall
    Five individuals who have donated to Democratic politicians pleaded guilty to a scheme that drained Medicare out of $33 million dollars. Two physicians and three owners of hospice and home care companies based out of Detroit, Mich., were charged on June 18, 2015 as part of the largest Medicare fraud case in history for submitting fraudulent claims for home health care and hospice services that were either not provided or deemed medically unnecessary.The elaborate operation revolved around Muhammad Tariq, Shahid Tahir, and Manawar Javed—the owners of the home health care and hospice companies—paying kickbacks and bribes to physicians for referrals...
  • Vote for Cruz, screw your parents

    03/21/2016 10:05:26 AM PDT · by Dana1960 · 29 replies
    Market Ticker ^ | 3/21/16 | Karl Denninger
    Let me remind you that Medicare and Medicaid are the entire problem space within our federal budget, and that same issue -- retiree health care costs -- are the entire issue with state and local budgets, along with private pensions. There is only one candidate from either major political party that has put forward any sort of cogent plan of any kind of deal with the Medicare and Medicaid mess -- along with the mess of health care in private industry. This, as I've written about pretty-much since The Market Ticker began publication, is the intermediate and longer-term issue that...
  • Vote For Trump, Go Broke, Or Die

    03/03/2016 4:24:04 AM PST · by SatinDoll · 42 replies
    The Market-Ticker ^ | March 3, 2016 | Karl Denninger
    I know, the headline sounds dramatic. It's true. Trump has just released his health care reform proposal. He is the only candidate that has put forward a plan that will force down the cost of medical care by as much as 80%, rendering Obamacare unnecessary along with Medicare. Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure. .... Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper...
  • Kasich: I'll drop out if I lose Ohio

    02/27/2016 3:45:45 PM PST · by xzins · 97 replies
    The Hill ^ | February 27, 2016, | Harper Neidig
    Republican presidential hopeful John Kasich said on Saturday that he will drop out of the race if he doesn't win his home state of Ohio. "I will beat Donald Trump in Ohio, and that will be the beginning of a new day," Kasich told a crowd in Nashville, according to the New York Times. "Some of the other candidates, if they can't win their home state, they got to get out, OK?" he added. "If I don't win my home state, I'll get out. But you know what? I'm going to win Ohio." The remark was a dig at his...
  • Ridge, former homeland security chief, endorses Kasich

    02/22/2016 10:00:08 AM PST · by Olog-hai · 29 replies
    Associated Press ^ | Feb 22, 2016 11:20 AM EST
    Ohio Gov. John Kasich has won the endorsement of Tom Ridge, a former director of homeland security and Pennsylvania governor. Ridge had been supporting former Florida Gov. Jeb Bush for president since early 2015 and joined him on the campaign trail in South Carolina. ...
  • Who's advising Trump on health care? His ideas are as unorthodox as his candidacy.

    02/21/2016 12:14:29 PM PST · by SeekAndFind · 118 replies
    Politico ^ | 02/21/2016 | Paul Demko
    Donald Trump has a plan to make America's health care great again. It's very simple, he says: Lock the best health care policy minds in a room -- and don't let them out until they've crafted a plan for providing terrific coverage for everyone. But the strategy, laid out in Trump's most recent book, begs the question: Who exactly would be locked in that room? And who is advising him on ideas which are as unorthodox for a GOP frontrunner as his candidacy? Trump has repeatedly said everyone should have access to health care -- going so far as to...
  • Exploiting the Poor: Hospitals and Chain Drug Stores

    02/12/2016 5:19:13 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 12, 2016 | Dan Horowitz
    Recently, a number of purportedly conservative commentators have been making the case against reform of a gaping loophole in the Department of Health and Human Services (HHS) "340b" program. But like the seedy snake oil salesmen of the Old West, these boisterous naysayers are not merely engaged in a game of corporate Three Card Monty. Sadly, these shills are now working - both in public and through quiet lobbying of Congress - to stop recommended improvements seeking to put a stop to wasteful and unnecessary spending. The Centers for Medicare & Medicaid Services (CMS), part of HHS, oversees the 340b...
  • Federal Debt Just Exceeded $19 Trillion: $58,000 for Each Person in U.S.

    02/03/2016 2:41:30 PM PST · by Olog-hai · 43 replies
    Cybercast News Service ^ | February 3, 2016 | 10:18 AM EST | Romina Boccia
    On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. That's more than $58,000 for each person who lives in the U.S. today (including children). The main culprit behind the rising deficits and debt is growing federal spending--especially among Social Security, Medicare, Medicaid, and Obamacare. Traditionally, Congress has set a limit for how much debt the U.S. may take on, known simply as the debt limit. But rather than put a higher limit on the debt, lawmakers and the president have repeatedly suspended the debt limit,...
  • Trump: I'll save $300 billion a year making Medicare negotiate on drug prices

    01/26/2016 9:18:54 AM PST · by SeekAndFind · 51 replies
    Hotair ^ | 01/26/2016 | Ed Morrissey
    If people want some insight into the Donald Trump phenomenon, this issue might make for a good starting point. Trump’s positions on health care have not exactly hewn to Republican or conservative orthodoxy, to be sure, but the polling frontrunner has refused to back down from them. Last night in New Hampshire, Trump stuck to his government-as-arbiter guns, demanding that Medicare leverage its market presence to force pharmaceutical companies to negotiate on price — an option expressly prohibited in the 2003 Plan D program passed by Republicans.Note how the Associated Press frames this, too: Trump told an enthusiastic crowd...
  • Federal healthcare spending tops Social Security for the first time

    01/26/2016 6:40:06 AM PST · by artichokegrower · 22 replies
    The Hill ^ | 01/25/16 | Sarah Ferris
    The government spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office. Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office (CBO) reported.
  • Obamacare Was Supposed To Reduce Healthcare Costs, Right?

    12/21/2015 8:25:03 AM PST · by Oldpuppymax · 20 replies
    Coach is Right ^ | 12/21/15 | Michael D. Shaw
    We won’t bury the lede. “National Health Spending In 2014: Faster Growth Driven By Coverage Expansion And Prescription Drug Spending.” That’s the title of an article from the January, 2016 print version of Health Affairs, published online December 2nd. Here are a few key findings… 1. US healthcare spending increased 5.3 percent to $3.0 trillion in 2014. That represents 17.5 percent of the gross domestic product. 2. The 2013 growth in spending figure was 2.9 percent. 2014’s higher growth in spending rate is due mostly to the major coverage expansions under the Affordable Care Act, particularly for Medicaid and private...
  • Ezra Klein Twitter Post

    04/13/2015 5:52:47 PM PDT · by Beowulf9 · 11 replies
    https://Twitter.com ^ | 4/13/2015 | Ezra Klein
    From an Ezra Klein Twitter post: User Actions Follow Ezra KleinVerified account ‏@ezraklein Here's what Marco Rubio tostada on taxes, Medicare, marijuana, same sex marriage, and more: http://www.vox.com/2015/4/13/8406787/marco-rubio-issues …
  • Fate of ObamaCare co-ops uncertain after half collapse

    11/28/2015 5:07:46 PM PST · by Beave Meister · 17 replies
    Fox News ^ | 11/28/2015 | Brooke Singman
    The fate of a network of alternative “co-op” health plans started under ObamaCare remains uncertain going into 2016, after half of them collapsed amid deep financial problems. The co-ops are government-backed, nonprofit health insurers propped up with over $2 billion in taxpayer loans. Twelve of the 23 co-ops established under the Affordable Care Act, though, have gone or are expected to go under by the end of the year, leaving customers who used them scrambling for coverage and taxpayer money at risk. But, as lawmakers on Capitol Hill demand answers on what’s being done, the Obama administration is offering few...
  • How Retirement Benefits Will Change in 2016

    11/17/2015 9:03:42 AM PST · by Steve Schulin · 17 replies
    U.S. News & World Report ^ | Nov 16, 2015 | Emily Brandon
    Retirement savers will get the option to participate in a new type of retirement account next year, the myRA. There will also be fewer Social Security claiming options for married couples and a small Medicare premium increase for some beneficiaries. Here are some of the important ways retirement benefits will change in 2016...
  • Donald Trump's Liberal Stripes Are Starting To Show

    11/06/2015 4:04:41 AM PST · by IBD editorial writer · 155 replies
    Investor's Business Daily ^ | 11/05/2015 | Staff
    As Donald Trump's poll numbers have faltered, his rhetoric, if you can believe it, has heated up. Except now he's starting to attack his Republican opponents from the left.
  • Donald Trump Changes Views on Medicare: "It's Actually a Program that's Worked"

    10/27/2015 3:47:36 PM PDT · by randita · 73 replies
    ABC ^ | 10/27/15 | John Santucci
    Republican presidential candidate Donald Trump has reversed his views on America’s premiere health insurance program. Speaking to MSNBC’s “Morning Joe” today, the New York real estate mogul said he is in full support of Medicare. "Ben [Carson] wants to knock out Medicare. I heard that over the weekend. He wants to abolish Medicare,” Trump said of Carson’s comments that Medicare “probably won’t be necessary” under his health care plan. Trump added: “Abolishing Medicare, I don't think you'll get away with that one. It's actually a program that's worked. It’s a program that some people love, actually.” But it was just...
  • Gee, Do You Think Dems Will Use Carson's Plan to End Medicare Against GOP in 2016 Election?

    10/25/2015 6:10:55 PM PDT · by conservativejoy · 15 replies
    The Gateway Pundit ^ | 10/25/2015 | Jim Hoft
    In 2009 Democrats ran this ad claiming Republicans wanted to end Medicare. DNC TV Ad: “Republicans Want to End Medicare” It was a lie. But Democrats know it is an effective tactic to scare seniors away from voting Republican. Fast forward to 2015… This week The Politico reported that Republican presidential candidate Dr. Ben Carson wants to abolish Medicare. ben carson Via Politico: “ Republicans have fended off accusations for years that they’d gut Medicare for seniors and end the program “as we know it.” Not Ben Carson. The former neurosurgeon acknowledges he would abolish the program altogether. Carson, who...
  • ‘I’m a Little Confused': Chris Wallace Grills Carson on Medicare Alternative [VIDEO]

    10/25/2015 4:53:36 PM PDT · by perfect_rovian_storm · 18 replies
    Mediaite ^ | 10/25/15 | Josh Feldman
    Fox News Sunday‘s Chris Wallace was a little baffled this morning as he confronted Ben Carson over whether he would get rid of Medicare. Carson insisted he would do no such thing and is merely proposing health savings accounts to “eliminate the need” for Medicare. Reports last week said that Carson would have the government put $2000 a year into everyone’s accounts. Wallace asked him if that means giving everyone the same amount of money. Carson said no, but Wallace said, “That’s what you were saying, sir.” When Wallace pressed him on his past indication he would eliminate Medicare, Carson...
  • Dr. Ben Carson's prescription: Abolish Medicare

    10/22/2015 6:19:59 PM PDT · by GIdget2004 · 63 replies
    Politico ^ | 10/22/2015 | Kyle Cheney
    Republicans have fended off accusations for years that they'd gut Medicare for seniors and end the program "as we know it." Not Ben Carson. The former neurosurgeon acknowledges he would abolish the program altogether. Carson, who now leads the GOP field in Iowa according to the latest Quinnipiac Poll, would eliminate the program that provides health care to 49 million senior citizens, as well as Medicaid, and replace it with a system of cradle-to-grave savings accounts which would be funded with $2,000 a year in government contributions. While rivals have been pummeled for proposing less radical changes, Carson hasn't faced...
  • Social Security is screwing over America’s elderly

    10/20/2015 5:31:34 AM PDT · by UMCRevMom@aol.com · 28 replies
    NY POST ^ | October 17, 2015 | Jonathon Trugman
    More than 65 million seniors got their pockets picked last week, and the hue and cry could be heard across the country. The Social Security Administration announced Thursday that there would be no cost-of-living adjustment (COLA) for 2016. Yes, America’s elderly, who paid into the system with each paycheck, are getting screwed. And that’s due to the way the SSA’s COLA calculation is done — it essentially comes directly from the notoriously inaccurate Consumer Price Index (CPI). Why not use the “Core CPI,” which strips out food and energy and is not subject to the volatile swings in commodities...
  • Hopes dim for deal to avert Medicare premium spikes

    10/18/2015 10:45:01 PM PDT · by entropy12 · 73 replies
    The Hill ^ | 10/18/15 02:30 PM EDT | Sarah Ferris
    The window is closing for congressional leaders to avert the double-digit premium hikes that are set to hit 8 million Medicare enrollees next year. Congress has only a handful of weeks to prevent the 52 percent premium hikes — the largest in the program’s history — that will harm seniors and drain state budgets. And with a key deadline missed on Thursday, aides of both parties say a deal between House leaders by year’s end is becoming less likely.
  • Medicare Rates Set to Soar for Many Seniors

    10/16/2015 6:39:36 AM PDT · by oh8eleven · 51 replies
    Wall Street Journal ^ | 15 October 2015 | Stephanie Armour And Anne Tergesen
    About 30% of the roughly 52 million people enrolled in Part B could see a 52% rise in those premiums if Congress and the Obama administration don’t find a way to freeze or reduce the increase. New beneficiaries, those with high incomes and Medicare recipients who don’t get Social Security would be hit with the increase. For them, the standard Part B premium would rise about $55 a month, or about $650 a year.
  • Medicare Premiums May Soar as Social Security Payments Stay Flat

    10/15/2015 11:18:53 AM PDT · by Brad from Tennessee · 25 replies
    New York Times ^ | October 15, 2015 | By Robert Pear
    WASHINGTON — The 60 million people on Social Security will not receive any cost-of-living increase in their benefits in 2016, the government said on Thursday, but because of a quirk in federal law, nearly one-third of Medicare beneficiaries could see record increases in their premiums unless Congress intervenes. With millions of older Americans on fixed incomes facing that one-two punch, the Obama administration is urging Congress to moderate or stop the health insurance premium increases, which could raise the cost for some Medicare beneficiaries by about 50 percent — the largest increase, by far, in the history of Medicare. But...
  • McConnell’s Last Stand: He Wants Medicare, Social Security Cuts to Raise Debt Limit

    10/13/2015 1:23:20 PM PDT · by upbeat5 · 49 replies
    The Fiscal Times via Yahoo Mews ^ | October 13, 2015 | Rob Garver
    In case anyone thought things couldn’t get more chaotic on Capitol Hill, Senate Majority Mitch McConnell appears ready to set them straight. McConnell, according to a report first published by CNN, plans to make several major demands of the White House, including changes to Medicare, Social Security, and EPA regulations as his price for raising the nation’s debt limit. Related Stories The report from CNN’s Manu Raju complicates the already fraught debate over whether and how to increase the Treasury Department’s ability to borrow the money it needs to pay the nation’s debts. Failure to allow additional borrowing would, at...
  • Health insurance provider Colorado Access cutting Medicare coverage for coming year

    10/03/2015 7:29:00 AM PDT · by george76 · 5 replies
    NYC Today ^ | 10/02/2015 | Diane Hoffman
    Health insurance provider Colorado Access is going to cut Medicare coverage for the coming year. As a result of the move around 5,500 senior and disabled customers will have to look for alternatives. Chief operating officer of Colorado Access, Matt Case has said that the Denver-based nonprofit will also let go 83 employees who were a part of Colorado Access Medicare and its subsidiary Access Health Colorado. Besides this, extra 40 openings will remain unfilled. Case said that Colorado Access has also drawn down administrative expenses, cutting down the salaries of its executive teams. Case said, “While it's never easy...
  • Medicare paid $30 million for mystery ambulance rides

    09/29/2015 4:55:03 PM PDT · by artichokegrower · 11 replies
    New York Post ^ | September 29, 2015
    Medicare paid $30 million for ambulance rides for which no record exists that patients got medical care at their destination, the place where they were picked up or other critical information.
  • Earth to Paul Krugman and The New York Times: Debt Is Not Good

    08/29/2015 5:05:03 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | August 29, 2015 | John C. Goodman
    Source: Source information located at the bottom of column. First the good news. The federal governmentÂ’s tax receipts are coming in at a rate somewhat higher than what was expected a few months ago. That means a shut-down-the-government debt limit stalemate will be pushed back until November or December. It also means that the federal debt will actually decline a bit this year. Now for the bad news. We are experiencing the calm before the storm. The Congressional Budget Office reported Tuesday that although our fiscal situation is improving, by 2018 we will snap back to swelling deficits and unsustainable...
  • Why Jeb’s Not Catching Fire — And Probably Never Will

    08/23/2015 6:52:35 PM PDT · by 2ndDivisionVet · 84 replies
    Center For Individual Freedom ^ | August 20, 2015 | Troy Senik
    The good news for Jeb Bush is that he’s the perfect candidate for the Republican presidential nomination. The bad news is that he’s the perfect candidate in the year 2000. That’s the counterfactual scenario that most Bush-watchers have spun over the years. Had Jeb won the 1994 race in which he first pursued Florida’s governorship, the theory goes, it would have been him rather than his older brother who became the GOP’s standard-bearer in 2000. Instead, Jeb narrowly lost the ’94 race to Democrat Lawton Chiles, George W. won his contest in Texas in the same year and the younger...
  • Top Boehner health aide leaving for lobbying firm (sister of StemExpress CEO—PP baby parts merchant)

    08/22/2015 1:26:03 PM PDT · by Olog-hai · 11 replies
    The Hill ^ | 08/05/15 11:57 AM EDT | Peter Sullivan
    Charlotte Ivancic, Speaker John Boehner’s (R-Ohio) top health policy aide, is leaving his office to join the lobbying firm Tarplin, Downs & Young, the firm announced Wednesday. Ivancic led the negotiations for Boehner on the repeal of Medicare’s Sustainable Growth Rate this year. The elimination of the annual Washington headache of automatic cuts to doctors under Medicare, after negotiations with Minority Leader Nancy Pelosi (D-Calif.), was a significant achievement. […] Tarplin, Downs & Young was founded in 2006 by former Republican healthcare staffers in the Bush administration and on Capitol Hill. It also has former Democratic staffers. …
  • Boehner Aide, Sister of CEO Aborted Baby Parts, Resigns to Join Lobbying Firm

    08/22/2015 1:23:56 PM PDT · by Hojczyk · 15 replies
    CNS News.com ^ | August 22, 2015 | Michael W. Chapman
    Charlotte Ivancic -- the older sister of Cate Dyer who runs the biotech company StemExpress, and who discussed and laughed about shipping “intact” aborted baby parts in an undercover video released on Friday – is leaving her position as the health policy adviser to House Speaker John Boehner (R-Ohio) to go to work for the lobbying firm Tarplin, Downs & Young. The resignation of Ivancic--who worked for Boehner and as legal counsel to the House Budget Committee–was announced on August 5, as reported in The Hill. In late July, StemExpress and its founder and CEO, Cate Dyer, were mentioned in...
  • Big Price Hikes Coming For Medicare Premiums In 2016

    08/16/2015 8:52:26 AM PDT · by zeestephen · 25 replies
    MSN.com ^ | 14 August 2015 | Martha Lynn Craver
    The actual rates for Part B (which covers the costs of doctor visits and outpatient care) will be announced in October and take effect Jan. 1. The boost may be 15% for all participants [$105/month to $121] or a whopping 52% for some [$105/month to $159], depending on whether Social Security recipients see a cost-of-living raise for 2016.
  • Obama: Medicare and Medicaid ‘Aren’t In Crisis’

    08/01/2015 8:38:48 AM PDT · by Sir Napsalot · 19 replies
    Breitbart TV ^ | 8-1-2015 | Ian Hanchett
    President Obama argued “these programs aren’t in crisis” while discussing Medicare and Medicaid during his Weekly Address on Saturday. (transcript excerpt) "If one of the best measures of a country is how it treats its more vulnerable citizens — seniors, the poor, the sick — then America has a lot to be proud of. Think about it. Before Social Security, too many seniors lived in poverty. Before Medicare, only half had some form of health insurance. Before Medicaid, parents often had no help covering the cost of care for a child with a disability. But as Americans, we declared that...
  • Medicare and Medicaid At 50: One Is Going Bankrupt, the Other Is Bankrupting States

    07/30/2015 4:26:07 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 07/29/2015 | John Merline
    When President Johnson signed Medicare into law on June 30, 1965, he said , "If it has a few defects, I am confident those can be quickly remedied." Fifty years later, a Government Accountability Office report found that an eye-popping $60 billion — fully 10% of Medicare's budget — was lost to waste, fraud, abuse or improper payments last year. Among the glaring defects, the GAO found 23,400 fake or bad addresses on Medicare's list of providers. Between those two events, Medicare... Read More At Investor's Business Daily: http://news.investors.com/blogs-capital-hill/072915-764066-medicare-and-medicaid-are-both-in-a-sickly-state-at-50.htm#ixzz3hN0HmZHi Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
  • [Church of Scientology Press Release] Medicare at 50 - Still Flawed, After All These Years

    Medicare at 50--Still Flawed, After All These Years ST. PAUL, Minn.—This Thursday, Medicare will mark a milestone—50 years since it was signed into law by President Lyndon B. Johnson on July 30, 1965. Designed as part of LBJ’s “Great Society” initiative, Medicare was intended to provide low-cost hospitalization and medical insurance for the nation’s elderly. But the program has been in crisis for years and needs an escape plan, not a rescue plan, says Twila Brase, president and co-founder of Citizens’ Council for Health Freedom (CCHF, www.cchfreedom.org), a national organization dedicated to preserving patient-centered health care and protecting patient and...
  • Judgment Day in Washington: Why Andy Slavitt Must Not Run Medicare

    07/29/2015 10:31:44 AM PDT · by Rona Badger · 1 replies
    The American Medical Money Machine ^ | July 29, 2015 | TAMMM Staff
    Many of us cheered in January of this year when Marilyn Tavenner, the woman who headed the disastrous rollout of the healthcare.gov website, announced she’d be stepping down from her position as Administrator of the Centers for Medicare and Medicaid Services (CMS). At the time, we weren’t too focused on who would be replacing her. Waiting in the wings was Andrew M. Slavitt, now Acting Medicare Chief, who had been biding his time as CMS’ deputy administrator since July 2014. Even though he’s been accused of possible cronyism and conflicts of interest, Andy Slavitt has a special brand of insurance...
  • The Problem With Healthcare–Part 1

    07/24/2015 9:08:27 AM PDT · by Oldpuppymax · 3 replies
    Coach is Right ^ | 7/24/15 | Michael D. Shaw
    As we approach the 50th anniversary of President Lyndon Johnson signing the Medicare bill into law (July 30th), what better time to consider the seemingly intractable problem of healthcare? FDR tried to include a federal health insurance component into the Social Security Act of 1935, but backed off. Harry Truman, his successor, took up the cause again in 1945, 1947, and 1949. JFK would pick up the banner in 1961. During the 1965 signing, LBJ called the 81-year-old Truman “the real daddy of Medicare,” and presented him and his wife Bess with the first two Medicare cards. With the passage...
  • Medicare's Prognosis Is Far Worse Than Dr. Obama Says

    07/24/2015 5:28:55 AM PDT · by IBD editorial writer
    Investor's Business Daily ^ | 07/23/2015 | Staff
    Entitlements: Medicare's latest annual report, issued days before its 50th anniversary, seems to show that, thanks to ObamaCare, it has a long and healthy future in front of it. But it's not true. Not by a long shot.
  • Absent Strong Action, Medicare Goes the Way of Greece

    07/23/2015 6:57:10 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 07/23/2015 | Joseph Antos
    Greece owes $320 billion to its creditors and cannot repay the loans. Like Greece, Medicare is also accumulating an unaffordable mountain of debt. And both Greece and Medicare are more likely to default on their debts than to adopt the highly unpopular reforms needed to pay them off. Wednesday's news from the Medicare Trustees may not seem that dire. The headline is comforting, but misleading. Medicare's Hospital Insurance (HI) trust fund-also known as Part A-will run short of money, but not until 2030. Starting that year, Part A benefits can be paid out only to the extent that money comes...
  • Dems Talk About Expanding Social Security As It Careens Toward Insolvency

    07/23/2015 4:27:37 AM PDT · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 07/22/2015 | John Merline
    The Social Security Administration's latest annual report says what it has been saying for several years now — its disability insurance program will become insolvent in 2016.
  • Medicare Funds Totaling $60 Billion Improperly Paid, Report Finds

    07/22/2015 4:25:56 PM PDT · by Oldeconomybuyer · 8 replies
    ABC News ^ | July 22, 2015 | By JIM AVILA & SERENA MARSHALL and GITIKA KAUL
    They are supposed to be doctor's offices, clinics or hospitals, not hamburger stands, vacant lots and mailbox shops, but that's what some of the 23,400 potentially fake or bad addresses on Medicare's list of health care providers are, according to a report released today to Congress from the U.S. Government Accountability Office (GAO). The report says that the Centers for Medicare and Medicaid Services (CMS), the federal agency that administers Medicare, estimates that last year some $60 billion of American taxpayer money, or more than 10 percent of Medicare’s total budget, was lost to fraud, waste, abuse and improper payments....
  • My Debate With Paul Krugman [No Wonder He Didn't Want It Televised]

    07/16/2015 4:58:29 AM PDT · by SeekAndFind · 17 replies
    IBD via RCM ^ | 07/15/2015 | Stephen Moore
    Krugman is for a single-payer health care system and argues that socialist health care systems provide better health outcomes at cheaper cost around the world. My response was that third-party payer systems in education and health care are what's driving up costs and that health care premiums paid by families are rising way faster than Obama predicted. Where are the $2,500 in family savings? Medicare is apparently the glittering success story of government, yet it's running unfunded liabilities in the tens of trillions of dollars. Krugman was lamest in explaining the migration of a thousand people a day from blue...
  • 70 House Democrats Sponsor Bill Mandating Tax-Funding of Abortion

    07/10/2015 8:39:04 AM PDT · by Olog-hai · 20 replies
    Cybercast News Service ^ | July 9, 2015 | 1:20 PM EDT | Brittany M. Hughes
    Rep. Barbara Lee (D-Calif.), along with about 70 other House Democrats, introduced a bill in Congress on Wednesday that would provide taxpayer-funded abortion coverage to all women who are covered by an insurance plan through the federal government—including federal workers, military members, women incarcerated in federal prisons, and low-income women covered by Medicaid. The Equal Access to Abortion Coverage in Health Coverage Act, or EACH Woman Act, states that “The Federal Government shall (1) ensure coverage for abortion care in public health insurance programs, including Medicaid, Medicare and the Children’s Health Insurance Program” and “in its role as an employer...
  • Medicare Plans to Pay Doctors for Counseling on End of Life

    07/08/2015 7:53:20 PM PDT · by Steelfish · 27 replies
    NYTimes ^ | July 8, 2015
    Medicare Plans to Pay Doctors for Counseling on End of Life By PAM BELLUCKJULY 8, 2015 Medicare, the federal program that insures 55 million older and disabled Americans, announced plans on Wednesday to reimburse doctors for conversations with patients about whether and how they would want to be kept alive if they became too sick to speak for themselves. The proposal would settle a debate that raged before the passage of the Affordable Care Act, when Sarah Palin labeled a similar plan as tantamount to setting up “death panels” that could cut off care for the sick. The new plan...
  • Medicare to cover end-of-life counseling

    07/08/2015 2:56:23 PM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Jul 8, 2015 5:36 PM EDT | Matt Sedensky and Ricardo Alonso-Zaldivar
    Medicare said Wednesday it plans to pay doctors to counsel patients about end-of-life care, the same idea that sparked accusations of “death panels” and fanned a political furor around President Barack Obama’s health care law six years ago. The policy change, to take effect Jan. 1, was tucked into a massive regulation on payments for doctors. It suggests that what many doctors regard as a common-sense option is no longer seen by the Obama administration as politically toxic. Counseling would be entirely voluntary for patients. Some doctors already have such conversations with their patients without billing extra. Certain private insurers...
  • The Choice AHEAD?! (Obamacare or Single-Payer)

    07/06/2015 2:35:21 PM PDT · by SatinDoll · 13 replies
    The Market-Ticker ^ | July 6, 2015 | Karl Denninger
    What? The Supreme Court’s recent blessing of Obamacare has precipitated a rush among the nation’s biggest health insurers to consolidate into two or three behemoths. The result will be good for their shareholders and executives, but bad for the rest of us – who will pay through the nose for the health insurance we need. .... Insurers are seeking rate hikes of 20 to 40 percent for next year because they think they already have enough economic and political clout to get them. ... The alternative is a government-run single payer system – such as is in place in almost...
  • Medicare´s Victims

    07/06/2015 4:07:23 AM PDT · by rootin tootin · 8 replies
    American Spectator ^ | 7/6/2015 | David Catron
    Despite the Supreme Court’s repeated attempts to prop it up, Obamacare is collapsing. This is obvious not merely to the majority of Americans who have always disapproved of the law, but also to an increasing number of progressives. Consequently, we are once again hearing calls for single-payer health care. Most advocates of this system, including Hillary Clinton’s main competitor for the 2016 Democrat presidential nomination, favor Medicare-for-All. They want, in other words, to put all Americans on the government program that covers the elderly and disabled. An excellent antidote for this simplistic solution is David Hogberg’s new book, Medicare’s Victims:...