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Keyword: medicare

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  • The United States Is Even More Broke Than We Think

    06/24/2018 12:05:42 PM PDT · by SeekAndFind · 49 replies
    Seeking Alpha ^ | 06/22/2018 | Ronald Surz
    Summary The 2018 "official" U.S. debt figure of $34 trillion is 120% of GDP and projected to double as a percent of GDP within the next 20 years. It's big.If we add "off-the-books" net obligations like Social Security and Medicare, our all-in debt, or so-called "fiscal gap", rises to $110 trillion, or 390% of GDP. It's scary.Raising taxes and reducing benefits won't restore solvency. Something is going to break, and it won't be pretty. We're broke and no one seems to care. We're all aware that this country owes a lot of money, but no one cares because we're leading...
  • Pelosi: 'Medicare for All' should be 'evaluated' if Dems win House

    06/08/2018 6:47:41 AM PDT · by Red Badger · 67 replies
    thehill.com ^ | 06/07/18 02:19 PM EDT | By Peter Sullivan
    House Democratic Leader Nancy Pelosi (Calif.) said Thursday that "Medicare for All" proposals should be “evaluated” if Democrats win back the House this year, adding “it’s all on the table." Pelosi has long backed a public option for health insurance, but has not supported going further — as many Democrats want — and setting up government-run, universal health insurance. The Democratic leader did not explicitly endorse the idea of Medicare for All during a press conference Wednesday, but she also did not rule out the proposal. “I've always been for a public option so I'm always eager to talk about...
  • Medicare Is On Death's Door ... After ObamaCare Supposedly Saved It (Insolvency by 2026)

    06/06/2018 10:19:14 AM PDT · by SeekAndFind · 23 replies
    IBD ^ | 06/06/2018
    The latest official report on Medicare's financial status says it will be insolvent in 2026 — just eight years from now. So much for the promise that ObamaCare had fixed that program for the long term. When he signed ObamaCare into law in 2010, President Obama bragged repeatedly that ObamaCare's combination of slowing down overall health spending, payment cuts to providers, improved productivity and quality, as well as less waste, fraud, and abuse would vastly extend Medicare's solvency. He promised ObamaCare would guarantee that Medicare's "sacred trust between America and its seniors … is never broken." Turns out "never" isn't...
  • Social Security now running a deficit; insolvency set at 2034; Medicare Even Worse

    06/06/2018 6:29:23 AM PDT · by SeekAndFind · 117 replies
    Washington Times ^ | 06/06/2018 | Stephen Dinan
    Social Security will spend more than it collects this year, the program’s trustees said Tuesday, marking the first time in more than 35 years that it will run an annual deficit as it slides toward insolvency by 2034. Medicare’s main trust fund is in even worse shape, scheduled to hit insolvency in 2026 — three years earlier than last year’s estimate, the trustees said. The twin warnings add even more pressure to a budget already strained by last year’s tax cuts and this year’s deal to boost spending on defense and basic domestic needs, leaving few bright spots in the...
  • Trustees report warns Medicare finances worsening

    06/05/2018 10:15:12 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Jun 05, 2018 8:04 PM EDT | Ricardo Alonso-Zaldivar and Andrew Taylor
    Medicare will run out of money sooner than expected, and Social Security’s financial problems can’t be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class. The report from program trustees says Medicare will become insolvent in 2026 — three years earlier than previously forecast. Its giant trust fund for inpatient care won’t be able to fully cover projected medical bills starting at that point. The report says Social Security will become insolvent in 2034 — no change from the projection last year. The warning serves as a reminder of major issues left...
  • Social Security Expected to Dip Into Its Reserves This Year

    06/05/2018 6:20:11 PM PDT · by Theoria · 58 replies
    The Wall Street Journal ^ | 05 June 2018 | David Harrison
    Aging population is boosting the costs of Social Security and Medicare as growth projections ease The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. This is three years sooner than expected a year ago, partly due to lower economic growth projections, according to the latest annual report the trustees of Social Security and Medicare released Tuesday. The program’s income comes from tax revenue and interest from its trust fund. The trust fund will be depleted in 2034...
  • New bill aims to make sure Medicare customers get drug discounts....

    05/24/2018 4:11:33 PM PDT · by caww · 34 replies
    washingtonexaminer ^ | 5/24/2018 | Robert King
    House bill would require discounts for drugs in Medicare's prescription drug program to be applied when the medicine is bought at the pharmacy, an effort to make sure that customers get the full discount instead of a cut going to insurers and drug middlemen. The Phair Pricing Act of 2018 introduced Thursday builds on parts of a blueprint President Trump released this month to tackle drug pricing. It highlights a lack of transparency in the negotiations over rebates to lower prices for medications in Medicare Part D, the program’s prescription drug plan.
  • AARP Applauds Trump For Taking First Step In Cutting Prescription Drug Costs

    05/16/2018 9:05:25 PM PDT · by 2ndDivisionVet · 17 replies
    Forbes ^ | May 16, 2018 | Robin Seaton Jefferson
    The nation’s largest non-profit advocate for people over 50 is praising the Trump Administration’s first steps to bring down the costs of prescription drugs. Leigh Purvis, Director of Health Service Research in the AARP Public Policy Institute said “American Patients First: The Trump Administration Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs,” released May 11 by the U.S. Department of Health & Human Services (HHS), is a positive first step to controlling drug costs for everyone, but particularly the elderly. “This is clearly something that President Trump mentioned during the campaign that was something that was resonating with him....
  • How to Make America's Health-care System Great Again

    05/11/2018 6:22:55 PM PDT · by huckfillary · 14 replies
    The Daily Dose of Reason ^ | May 11, 2018 | Dr. Michael J Hurd
    Here’s a simple idea to help lower healthcare costs: Publish prices. A bipartisan group of state lawmakers in Colorado is pushing a bill to do precisely that. The Comprehensive Health Care Billing Transparency Act would allow Coloradans to see the true price of any health service they use—exams, procedures, prescriptions—before they undertake treatment. If passed, the legislation would mandate that hospitals and other facilities disclose the base fees they charge for specific services “before applying any discounts, rebates, or other charge adjustment mechanisms.” Every bill sent to a patient would need to include an itemized list, which would allow patients...
  • Trump will not call for negotiation on Medicare drug prices despite Democratic hopes

    05/11/2018 5:51:04 AM PDT · by GIdget2004 · 15 replies
    The Hill ^ | 05/10/2018 | Peter Sullivan
    President Trump's drug pricing plan will not include a call for Medicare to negotiate drug prices, a leading Democratic idea that Trump previously supported, a senior administration official said Thursday. “We're not calling for Medicare negotiation in the way that Democrats have called for,” the official said on a call with reporters previewing Trump’s speech on drug prices scheduled Friday. However, the official said there will be other proposals to increase competition in Medicare, likely using private sector players rather than Medicare directly negotiating prices. Democrats have been pressuring Trump ahead of his speech to renew his call for Medicare...
  • Socialism Has Only Produced One Thing That Is World ClasS and Works

    04/13/2018 3:06:23 PM PDT · by ARGLOCKGUY · 55 replies
    ME | Now | ME
    The AK-47. And liberals want to ban it.
  • The Multi-Billion Dollar Solution – Repeal Safe Harbor

    03/03/2018 3:11:50 PM PST · by Kaslin · 4 replies
    Townhall.com ^ | March 3, 2018 | Andrew Mangione
    President Trump made it very clear in his State of the Union Address that he wanted to address the high cost of health care, including out-of-control drug prices.  Well, what if the simple repeal of a law would generate both tens of billions of dollars in savings for the hospital supply chain (which includes the Medicare and Medicaid programs) while promoting free-market competition for the drug and medical supply marketplace at the same time? Does such an opportunity truly exist? It does, and it starts and ends with repealing the Medicare Anti-Kickback Safe Harbor Statute, which would level the hospital supply...
  • New Medicare Cards on the Way. Watch out for Scams

    02/26/2018 11:16:38 AM PST · by sodpoodle · 18 replies
    WHNT news for verification ^ | 2/24/2018 | Ekzabeth Garcia and Julia Cherry
    This spring: Look for your new Medicare card in the mail Beginning April 2018 and through April 2019, the Centers for Medicare & Medicaid Services (CMS) will be sending you a replacement Medicare card. The new cards do not include a Social Security number and will help to prevent fraud, reduce identity theft and safeguard taxpayer dollars. What does this mean for you? • You will receive a new Medicare card with a new Medicare number that is NOT based on your Social Security number. Begin using your new card immediately upon receiving it and destroy your old Medicare card.
  • Idaho Considers What Could Be the Worst Obamacare Plan Yet

    02/26/2018 10:24:01 AM PST · by Twotone · 19 replies
    National Review ^ | February 21, 2018 | Nicholas Horton
    After rightly rejecting Obamacare’s Medicaid expansion for several years, Idaho officials have now concocted a new version of Obamacare expansion. While some supporters have rallied around the plan’s uniqueness, it’s important to examine exactly what distinguishes this expansion plan from the rest: It’s worse. First, the truly needy already qualify for Medicaid in Idaho. Supporters of Idaho’s Obamacare plan want the public to believe that this plan is essential to the survival of Idaho’s neediest residents. But the truly needy already qualify for Medicaid in the Gem State. Idaho’s Medicaid program already covers low-income kids, pregnant women, seniors, individuals with...
  • Democrats now embracing Sanders's 'Medicare for all' plan

    02/26/2018 8:06:45 AM PST · by SeekAndFind · 31 replies
    American Thinker ^ | 02/26/2018 | Rick Moran
    One of the most glaring signs that the Democratic Party has shifted even farther leftward since the 2016 election is in the way most Democratic candidates are embracing Senator Bernie Sanders's single-payer health care plan, which he calls "Medicare for All." As a candidate pushing this idea in 2016, Sanders was criticized by the Democratic Party establishment for proposing universal health care, telling voters it was politically unrealistic and a non-starter.  Hillary Clinton and congressional Democrats were proposing minor tweaks to Obamacare rather than overhauling the entire health care system. But the hard lurch to the left by Democrats, which...
  • What Trump's Budget Would Mean For Seniors

    02/16/2018 8:04:26 AM PST · by SeekAndFind · 29 replies
    Forbes ^ | 02/15/2018 | Howard Gleckman
    Last week, Congress passed an outline of the 2019 budget. This week, President Trump rolled out his own budget plan, which would fill in some of the spending details. While most proposals in President Trump’s newly released 2019 budget are unlikely to become law, the fiscal framework does show the White House’s priorities for government over the coming year. And those apparently don’t include support for older adults, younger people with disabilities, or their families. For example, the Trump budget would: * Restructure the Medicare drug benefit to reduce costs for some beneficiaries but raise them for others. * Reduce...
  • Single Payer is Doomed Before It Starts

    02/09/2018 10:31:00 AM PST · by SeekAndFind · 7 replies
    American Thinker ^ | 02/09/2018 | Ted Noel, MD
    Donald Trump tweeted that Britain's National Health Service is "broke and not working." All too true: expenses have forced 40% of walk-in health centers to close, all elective surgery in January to be cancelled, and primary care has been decimated, it's not surprising that problems have surfaced. It is just as predictable that the usual call for "more money" echoes around the UK. All this is the result of economic laws that have been completely ignored since the days of Aneurin Bevan, the father of the UK NHS. The first is the Law of Rationing. In short, "Everything is...
  • VANITY - Medicare Advantage Advice

    01/24/2018 8:27:59 PM PST · by zigmeisterxiv · 83 replies
    If there is a different place to post this, please direct me. My Medicare begins Feb. 2, and I'm figuring to sign up for an advantage plan, but my lazy self hasn't done enough research on this. Those of you in the know, any advice is appreciated. 65, male, caucasian, 5'7", 180-195 lbs., reside in Florida, no wife or ex-wife, no children, travel to Hawaii, drive to NY and California, spry, no medications, no chronic ailments other than mild sciatica, good mobility, no arthritis, drink daily (after 6 PM), SS + pension + other ~ 3000/month, cash reserves about $150k,...
  • Nearly 9 million people signed up for ObamaCare

    12/21/2017 11:59:49 AM PST · by GIdget2004 · 35 replies
    The Hill ^ | 12/21/2017 | Nathaniel Weixel
    Nearly 9 million people signed up for coverage through the federal ObamaCare exchanges, according to a top administration official. Last year, 9.2 million people signed up for coverage during an open enrollment period that was twice as long. Approximately 8.8 million people enrolled during the six week open enrollment period, Centers for Medicare and Medicaid administrator Seema Verma tweeted Thursday.
  • Why Congress Shouldn’t Wait For Medicare Reform

    12/21/2017 10:39:37 AM PST · by Kaslin · 23 replies
    The Federalist ^ | December 21, 2017 | Christopher Jacobs
    If Congress fails to comprehensively reform Medicare, seniors will miss out on significant savings, and taxpayers will miss out on the opportunity to slow the program’s cost growth.In an interview with “Good Morning America” on Wednesday, House Speaker Paul Ryan (R-WI) cast doubt on the prospect for comprehensive Medicare reform on the congressional agenda in 2018: “There are some provider issues that we may be addressing as you know. Some providers in the Medicare field in some cases are getting overpaid. We want to make sure that’s being dealt with. But as far as you’re talking about beneficiaries, we’re not...