Medicare News

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Hillary Clinton Medicare Expansion Plan: Public Option

Posted on 08/30/2016

The 2016 presidential race has put an incredible amount of focus on what to do with the Affordable Care Act (ACA). Despite discrepancies on costs and the stability of insurance markets, the health reform law has successfully lowered the uninsured rate. According to the Kaiser Family Foundation , most Americans believe modifications to the ACA over time are necessary and

New Medicare Outpatient Classification Law

Posted on 08/26/2016

Medicare patients could save thousands of dollars thanks to a new law passed last year. The Notice Act, a bipartisan law signed in 2015, requires medical providers to alert Medicare patients when they get placed into observation status. The law is designed to protect seniors and other Medicare beneficiaries who get treated at a hospital without being admitted. Placing patients

Medicare Penalties Increase for Hospitals

Posted on 08/26/2016

More than half of the nation’s hospitals will face a reduction in Medicare reimbursement rates for 2016 under the terms of the federal Readmissions Reduction Program. This figure is about the same as it was last year, but penalties have increased. Nearly 2,600 hospitals will face penalties this year totaling $528 million. Penalties take effect in October and run through

The Presidential Election and Medicare

Posted on 06/30/2016

The future of Medicare is one of several key issues in the upcoming presidential election this year, but it’s also one of the least discussed among the candidates. Despite ongoing debate over the American health care system in general, little has been said regarding Medicare. About 55 million people received Medicare benefits in 2015, a number that will climb as

Medicare Reimbursement Changes

Posted on 06/29/2016

Proposed changes to Medicare Part B drug payments could provide beneficiaries with better drug options and lower costs in the future – but not everyone is happy with the changes. As prescription drug costs continue to soar from year to year, the government is looking at ways to cut expenses, particularly for Medicare enrollees. As it stands, Part B spends

Medicare Fraud Crackdown

Posted on 06/28/2016

A sweep of Medicare fraud nationwide has resulted in the largest takedown of criminal activity in the program’s history. According to the Department of Justice on Wednesday, 300 people have been indicted in various schemes resulting in approximately $900 million worth of fraudulent billing. About half of these schemes involved home health fraud. Bilking federal programs out of money has

Medicare Could Become Insolvent

Posted on 06/27/2016

Medicare is projected to run out of funds by 2028 – two years earlier than predicted last year – according to a new report by the program’s trustees. Last year, trustees of the Medicare Hospital Insurance Trust Fund predicted that the program would reach insolvency by 2030. That prediction has changed this year, and now the trustees are reporting that

Medicare Part B battling against rising drug costs

Posted on 04/22/2016

Medicare Part B, or medical insurance, is crucial to senior’s healthcare, offering a wide array of services and equipment. This program’s incredibly popular, as the Centers for Medicare and Medicaid Services (CMS), the agency overseeing U.S. healthcare, expects 52 million Americans to be enrolled in Part B in 2016. Most Traditional Medicare (Parts A and B) enrollees use Part B

New poll shows support for Medicare’s coverage of obesity drugs

Posted on 03/21/2016

According to the Department of Health and Human Services (HHS), about 57 million people are currently enrolled in Medicare, many of which are 65 years or older. And while Medicare covers a wide array of conditions and treatments, medications approved to treat obesity are denied coverage by law. This is actually a major issue for Medicare beneficiaries, as the American

Medicare struggling with rising Hepatitis C healthcare costs

Posted on 03/20/2016

An estimated 3 million Americans are now affected with Hepatitis C, which is more than AIDS. Research shows that the majority of patients are baby boomers. As such, Medicare spending for this condition increased to more than $9 billion in 2015. And while this may be a relief for Hepatitis C patients, all Medicare beneficiaries’ insurance costs have increased. Research

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