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What’s Behind the Medicare Increase?
Washington Wire ^ | 2-14-12 | Janet Adamy

Posted on 02/14/2012 3:54:44 AM PST by afraidfortherepublic

The Obama administration proposed a sharp increase in spending at the agency that runs Medicare and Medicaid – and the reason why might surprise you.

Monday’s budget calls for spending $4.82 billion on administrative costs at the Centers for Medicare and Medicaid Services for fiscal 2013, a 25.9% increase in the previous year’s estimated budget of $3.83 billion. That doesn’t include the much larger sums the agency spends on its actual programs, which provide insurance to seniors, the disabled and the poor.

A chunk of Baby Boomers will turn age 65 this year and become eligible for Medicare, but that only accounts for a sliver of the proposed budget increase, federal officials said Monday. Instead, most stems from something that has nothing to do with an increase in elderly and poor Americans: new health insurance exchanges.

Federal officials said Monday that the administration projects it needs $864 million in fiscal 2013, which begins Oct. 1, to open the federally run health insurance exchange program slated to start in 2014. The 2010 health overhaul law called for each state to open its own exchange where consumers can shop for policies and tap health insurance tax credits. But for states that chose not to or couldn’t get it up-and-running, the law called for the federal government to step in and handle the exchange.

Since both Democrats and Republicans approved of the idea of the marketplaces, most people who followed the legislation expected few states would opt out of setting up their own exchange. But a number of states with Republican governors have backed away. In Wisconsin, Republican Gov. Scott Walker last month announced he would send back a federal grant the state had taken to set up its own exchange.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: medicaid; medicare; obamacare; scottwalker

1 posted on 02/14/2012 3:54:49 AM PST by afraidfortherepublic
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To: afraidfortherepublic
So will the GOP have the intestinal fortitude to starve the beast or will Boehner shed a few tears and bow to Obama? What would Intrade say?
2 posted on 02/14/2012 4:10:27 AM PST by Truth29
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To: afraidfortherepublic

Everything associated with Obama, the Obama administration, and all associated parties to it are frauds. This budget is bullscoot with an emphasis on a political agenda to make the GOP appear the bad guys as they would naturally reject these proposals.

Playing with American’s lives, for political gain IMO. Should be recognized for what it is, and this guy be booted on his butt.


3 posted on 02/14/2012 4:15:09 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: afraidfortherepublic
If the Medicare Budget actually passed, this increase would probably fund the hiring of more of Holder's unqualified people to positions they have little understanding. And yes I'm being sarcastic, but I'm also right!
4 posted on 02/14/2012 4:28:02 AM PST by Old Badger (Don't bother me! I still like Palin because she will tell like it is! (Newt too!))
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To: afraidfortherepublic
Monday’s budget calls for spending $4.82 billion on administrative costs at the Centers for Medicare and Medicaid Services ... which provide insurance to seniors, the disabled and the poor.

CMS ... grrrrrr

I hate those arrogant sob's. They're like the Gestapo.

(hi I'm calling about what you paid Dr X, you have code #Bxxx wrong)
'WHAT!?!? Where did you get that information!'
(but, uh, you have the wrong code # and paid the wrong amount)
'YOU are not supposed to have that code! Where did YOU get it!
(but the code and amount....)
'YOU are not supposed to have it!'
'Now GOODBYE!!' (click)
If I could, I 'woulda' socked that 'lady' right through my phone. Fascist *w*itch.
5 posted on 02/14/2012 4:53:30 AM PST by Condor51 (Yo Hoffa, so you want to 'take out conservatives'. Well okay Jr - I'm your Huckleberry)
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