USA Today examined the future of Medicare amidst exploding health care costs and how there could be sweeping changes in Medicare, Social Security and private health insurance. According to an estimate by the Congressional Budget Office, by 2082, combined spending on Medicare and Medicaid would be 19% of GDP. Today that figure is just 4%. […]
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What Is Medicare’s Future Amidst Exploding Health Care Costs?
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There may be reduced federal matching funds in the offing for Medicaid and SCHIP as a result of the California Budget Plan. The reduction in federal matching funds for California could be about $1.5 bn. This is the result of Gov. Arnold Schwarzenegger’s proposed 2008-09 budget. This finding is based on an analysis by the […]
The managed care plans of Medicaid for Schizophrenic patients as well as other mental ailments may just not be right according to an AJP study. These plans lead to lower expenses for Medicaid by increased costs for patients as well as more caregiver burden. This study was by David L. Shern. It has long been […]
Medicare, the extremely popular health insurance plan for aged and disabled Americans seems to be withering. The reason is the struggle between Republicans and Democrats. Republicans are all for privatized Medicare and Democrats want it as a universal public program. This struggle began in the Gingrich Congress in 1995. Today it still exists. Financially Medicare […]
According to the Durable Medical Equipment Industry, Anti-Fraud measures are desperately required for Medicare. It seems that Medicare has not used it’s authority to combat fraud and abuse effectively enough. The Medicare budget is $400 million and the medical equipment portion of it is less than two percent. It is also the slowest growing sectors. […]
Study Shows Medicare Prescription Drug Benefits Helped Subscribers
Posted by dosh Published in supplement plansAccording to a study, out of pocket costs for beneficiaries were lowered by 17% in 2006 by Medicare Prescription Drug Benefits. This works out to about $9 per month. The study was published on the Annals of Internal Medicine Website. Various comparisions were made in the study. Individuals enrolled in Part D were compared with […]
Smooth 2008 Transition Expected For People Enrolled in Medicare
Posted by dosh Published in supplement plansThose people who have altered their Medicare coverage for 2008 should not have a problem with their benifits according to the CMS (Centers for Medicare and Medicaid Services). Throughout the fall open enrollment season care has been taken to see that beneficiaries compare and prepare plan choices and make the correct decision.
The broader Medicare improvement package has been subject to debate and there has hardly been a consensus on it. According to David Sloane, AARP Director of Government Relations, “the short term package coming before senate this week is the path of least resistance and is woefully inadequate. According to David Sloane, by enacting this legislation […]
If low income, elderly New Yorkers are given Medicare Subsidy, the state could save millions. Specifically $184 million could be saved every year on prescription drug spending for EPIC by arranging for lower income people with EPIC to get Extra Help – a federal subsidy that enables lower income people to pay for Part D […]
The Medicare payment cut that was scheduled and that would result in lower Medicare payments to doctors is not likely to happen. A health insurance program for children is to be extended by the US Senate. If the house clears it and president Bush sanctions it with his signature, many US health insurance companies would […]
In order to meet health plan needs as well as prescription drug coverage needs through 2008, Medicare beneficiaries should act now. CMS – the Centers for Medicare and Medicaid Services advises people to review their current health care coverage and to see if it is the best plan for their needs in 2008. If any […]
Senior citizens can sign up for Medicare or switch to Medicare Supplement or Medicare Advantage Plans uptil December 31. Open Enrollment happens each year between November 15 and December 31. During this period, seniors can switch plans. The other time when seniors can switch plans is at the age of 65 when they become eligible […]
A number of insurance options are available to people in Arizona. It is not hard to find a good insurance plan here. However, you must know certain things as a prerequisite to good Arizona Health Insurance. According to some studies, eighty five percent of Americans have proper insurance. This is a good thing since health […]
Senior citizen’s needs are not well met by the home health care benefits available today. One third of men and one half of women of 65 years of age will be sent to a nursing home in the remainder of theri days. Older citizens have a greater chance of going to a nursing home. Skilled […]
Medicare Supplement Insurance Plans – What You Should Know
Posted by dosh Published in supplement plansMedical Insurance is the norm in a world of fixed incomes and medical costs that can crop up quite suddenly. There are a number of medical insurance programs available. Some will be closer to your needs than others. Not more than 14 plans can be offered by a supplemental insurance provider. You should carefully consider […]
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