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Keyword: medicare

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  • 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 Americas premiere health insurance program. Speaking to MSNBCs 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 Carsons comments that Medicare probably wont 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. Its 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 theyd 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...
  • Im 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 Sundays 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 everyones accounts. Wallace asked him if that means giving everyone the same amount of money. Carson said no, but Wallace said, Thats 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 Americas 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, Americas elderly, who paid into the system with each paycheck, are getting screwed. And thats due to the way the SSAs 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 programs 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 years 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 dont find a way to freeze or reduce the increase. New beneficiaries, those with high incomes and Medicare recipients who dont 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...
  • McConnells 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 couldnt 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 nations debt limit. Related Stories The report from CNNs Manu Raju complicates the already fraught debate over whether and how to increase the Treasury Departments ability to borrow the money it needs to pay the nations 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 government’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 Jebs 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 hes the perfect candidate for the Republican presidential nomination. The bad news is that hes the perfect candidate in the year 2000. Thats the counterfactual scenario that most Bush-watchers have spun over the years. Had Jeb won the 1994 race in which he first pursued Floridas governorship, the theory goes, it would have been him rather than his older brother who became the GOPs 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 CEOPP 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 Boehners (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 Medicares 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 Committeewas 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 Arent 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 arent 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 milestone50 years since it was signed into law by President Lyndon B. Johnson on July 30, 1965. Designed as part of LBJs Great Society initiative, Medicare was intended to provide low-cost hospitalization and medical insurance for the nations 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 shed be stepping down from her position as Administrator of the Centers for Medicare and Medicaid Services (CMS). At the time, we werent 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 hes been accused of possible cronyism and conflicts of interest, Andy Slavitt has a special brand of insurance...
  • The Problem With HealthcarePart 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 Medicares 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 governmentincluding 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 Childrens 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 Obamas 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 Courts recent blessing of Obamacare has precipitated a rush among the nations 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...
  • Medicares Victims

    07/06/2015 4:07:23 AM PDT · by rootin tootin · 8 replies
    American Spectator ^ | 7/6/2015 | David Catron
    Despite the Supreme Courts 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 Clintons 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 Hogbergs new book, Medicares Victims:...
  • Leaked: What's in Obama's trade deal [TPP's intellectual property - Big Pharma]

    07/01/2015 6:08:52 AM PDT · by GIdget2004 · 25 replies
    Politico ^ | 07/01/2015 | Michael Grunwald
    A recent draft of the Trans-Pacific Partnership free-trade deal would give U.S. pharmaceutical firms unprecedented protections against competition from cheaper generic drugs, possibly transcending the patent protections in U.S. law. POLITICO has obtained a draft copy of TPPs intellectual property chapter as it stood on May 11, at the start of the latest negotiating round in Guam. While U.S. trade officials would not confirm the authenticity of the document, they downplayed its importance, emphasizing that the terms of the deal are likely to change significantly as the talks enter their final stages. Those terms are still secret, but the public...
  • A Costly Medicare Surprise Awaits Retirees

    06/24/2015 8:14:41 AM PDT · by mac_truck · 33 replies
    Kiplingers ^ | 6/17/2015 | Susan B. Garland
    Days spent in the hospital as an outpatient, rather than being officially admitted, can leave Medicare patients with bigger bills. It's bad enough spending three or more days in a hospital -- undergoing a barrage of medical tests and procedures. Brace yourself for even more pain at discharge if the hospital tells you that you were actually never admitted but were on Medicare "observation status." That designation could cost you big time. Hospitalized Medicare beneficiaries who are under observation are considered outpatients, even if they spend many days in the hospital. If you find yourself in this boat, there's a...
  • However the Supreme Court Rules, ObamaCare Is In Deep Financial Trouble

    06/22/2015 6:26:04 AM PDT · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 06/22/2015 | John Merline
    Anyone who thinks ObamaCare will cut the deficit over the next decade should look at Page 11 of the latest Congressional Budget Office report. The table on that page shows how the trillions in ObamaCare subsidies are supposed to be "paid for" by tax hikes or spending cuts. What it reveals, however, is that ObamaCare increasingly relies on dubious Medicare spending cuts to cover its growing subsidy costs.
  • Big Changes Coming for Medicare, Social Security

    06/17/2015 10:38:47 AM PDT · by BradtotheBone · 44 replies
    Kiplinger ^ | June 16, 2015 | Martha Lynn Craver,
    Republicans will risk political pushback to put entitlement programs on the agenda during the presidential election. Some changes are in the wind for Social Security, Medicare and Medicaidentitlement programs that account for 45% of the federal governments payouts. Many of the changes are still years away. But some of them will start next year, smack in the middle of the presidential election campaign, forcing candidates to address issues that they and their advisers generally try to steer clear of when theyre running. Kicking off the rare election-year debate: a move to rescue the Social Security disability fund image: http://images.intellitxt.com/ast/adTypes/icon1.png before...
  • John Kasichs Quest for Glorious Martyrdom

    06/10/2015 6:58:33 PM PDT · by 2ndDivisionVet · 33 replies
    New York Magazine ^ | June 10, 2015 | Jonathan Chait
    John Kasich is a highly popular governor of a vital swing state, possessed of national experience and long-standing ties to his partys financial and ideological elite. He is launching a presidential campaign that stands virtually no chance of success, if you define success to mean acquiring the nomination. It looks increasingly likely, however, that Kasich defines success as something else altogether. Kasich began his career in a dissident role. As the Republican Party careened in the 1980s and 1990s toward militant supply-side economics, Kasich carved out an identity as an old-fashioned deficit hawk. Kasich was evangelical on the subject of...
  • Health Insurers Seek Hefty Rate Boosts

    05/22/2015 7:58:18 AM PDT · by george76 · 14 replies
    WSJ ^ | May 21, 2015 | Louise Radnofsky
    Proposals set the stage for debate over federal health laws impact. Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the laws impact. In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the...
  • Medicare Part B premiums increasing up to 30%

    05/12/2015 6:49:30 AM PDT · by Oldeconomybuyer · 12 replies
    Market Watch ^ | May 12, 2015 | By Robert Klein
    When the Medicare Access and CHIP Reauthorization Act of 2015, commonly known as the "doc-fix" legislation, becomes law, some Medicare participants will pay 30% more for their Part B premiums. The legislation, which was decisively passed by the House on March 26 and the Senate on April 14 is expected to be signed by President Obama soon. The bill replaces the current physician Medicare reimbursement schedule with payment increases for doctors for the next five years. It will be financed by higher Medicare Part B premiums for individuals whose income exceeds specified thresholds beginning in 2018.
  • 500 groups urge repeal of ObamaCare cost-cutting panel

    05/05/2015 7:11:15 AM PDT · by Oldeconomybuyer · 10 replies
    The Hill ^ | May 5, 2015 | By Peter Sullivan
    Over 500 organizations are calling on Congress to repeal a Medicare cost-cutting board that is part of ObamaCare. The panel at issue is called the Independent Payment Advisory Board (IPAB), and is charged with coming up with ways to cut Medicare spending. Legislation to repeal the board sponsored by Reps. Phil Roe (R-Tenn.) and Linda Sanchez (D-Calif.) has 222 co-sponsors, including 19 Democrats. While some opponents of ObamaCare have called the IPAB a death panel, the board is banned by law from recommending changes that would ration care or require seniors to pay a higher share of costs. Its reforms...
  • Mike Huckabee: Americans dont want Social Security reform

    05/10/2015 12:21:05 PM PDT · by E. Pluribus Unum · 47 replies
    The Washington Times ^ | May 10, 2015 | S.A. Miller
    Republican presidential candidate Mike Huckabee said Sunday that his opposition to reforming Social Security doesnt make him sound like a Democrat but like an American. The former Arkansas governor has broken with his party and his rivals for the nomination by opposing GOP proposals to cut benefits or raise the retirement age for Social Seucurity and transform Medicare into a voucher-style program, measures aimed at preventing the popular programs from going broke. Read more: http://www.washingtontimes.com/news/2015/may/10/mike-huckabee-americans-dont-want-social-security-/#ixzz3ZlVVjFNC Follow us: @washtimes on Twitter
  • Trump: Huckabee can't protect entitlements like I can

    05/07/2015 8:41:37 PM PDT · by 2ndDivisionVet · 36 replies
    The Hill's Ballot Box ^ | May 7, 2015 | Mark Hensch
    New York real estate mogul Donald Trump said Thursday that former Arkansas Gov. Mike Huckabee (R) could not prevent funding cuts to entitlement programs if elected president in 2016. Huckabee is a nice guy but will never be able to bring in the funds so as not to cut Social Security, Medicare & Medicaid, Trump tweeted. I will. Trump, a possible 2016 GOP presidential candidate, also argued Huckabee was stealing his potential campaign ideas. Huckabee copied me, Trump wrote. I was the first & only potential GOP candidate to state there will be no cuts to Social Security, Medicare &...
  • Americans don't like big government - but like programs like SS & Medicare

    04/30/2015 2:45:36 PM PDT · by entropy12 · 85 replies
    Yahoo.news ^ | 04/30/15 | Amanda Becker
    a new poll shows that Republican voters who rally to that cry still want to maintain many federal programs. The results, from an online poll of 4,770 adults from April 10 to 24, highlight a dilemma for Republican candidates such as Senator Rand Paul of Kentucky and Senator Ted Cruz of Texas who have made reducing the size of government a top campaign theme.