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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

Explore these vital screenings to keep Medicare costs down

Posted on 03/18/2016

For the last 50 years, Medicare has provided millions of Americans with quality healthcare. Members do pay certain costs, including deductibles, premiums and copays. However, there are steps to take to manage and even lower Medicare costs. A selection of doctors have revealed essential medical screenings. These tests may be the best way to prevent smaller health-related issues from turning

New bipartisan bill touts Medicare reimbursements for telehealth

Posted on 03/16/2016

New bipartisan bill touts Medicare reimbursements for telehealth A growing movement in the nation’s healthcare system is the use and implementation of telehealth. As defined by the Health Resources Services Administration (HRSA), telehealth involves using electronic information and telecommunications technologies to deliver health-related services and information. Basically, telehealth enables two-way, real-time, interactive communication between patients and healthcare providers based in