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Tag Archives: medicare

It’s the Health Care Costs, Stupid

Amplify’d from krugman.blogs.nytimes.com

If Medicare costs had risen as fast as private insurance premiums, it would cost around 40 percent more than it does. If private insurers had done as well as Medicare at controlling costs, insurance would be a lot cheaper.

It’s a mystery why anyone claims that shifting more people into private insurance is a good idea. Actually, no, it isn’t a mystery; it’s an outrage.

Read more at krugman.blogs.nytimes.com

 

 
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Posted by on June 13, 2011 in alzheimer's

 

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Medicare to Go Broke in 2024

Amplify’d from www.cbsnews.com

The government said Friday that a bad economy has shortened the life of the trust funds that support Social Security and Medicare, the nation’s two biggest benefit programs.

This Feb. 2005 file photo shows trays of printed social security checks waiting to be mailed from the U.S. Treasury.
The annual checkup said that the Medicare hospital insurance fund will now be exhausted in 2024, five years earlier than last year’s estimate. The new report says that the Social Security trust fund will be exhausted in 2036, one year earlier than before.

The trustees for the trust funds said in their annual report that the worsening financial picture emphasized the need for Congress to make changes to avoid disruptive consequences in the future for millions of people who depend on health and pension benefits.

Treasury Secretary Timothy Geithner, who chairs the trustee’s panel, said the new report underscored “the need to act sooner rather than later to make reforms to our entitlement programs. … We should not wait for the trust funds to be exhausted to make the reforms necessary to protect our current and future retirees.”

The trustees said that they moved the target date for the Medicare hospital trust fund to be exhausted from 2029 to 2024 because of a weaker economy, which means fewer people working and paying Medicare premiums into the fund, and continued increases in health care costs.

Last year’s report had extended the life of the Medicare fund by 12 years to reflect the savings that were included in the massive overhaul of health care that President Barack Obama got Congress to pass in 2010. Without the changes in health care law, the administration said the Medicare trust fund would be exhausted in 2016.

The savings in the health care legislation are still included in the trustees’ projections but have been updated to reflect data on the economy and health care costs over the past year.

Many experts believe that the savings included in Obama’s health care program will never be achieved because they include deep cuts in payments to doctors that Congress has routinely waived and other cost savings that will be difficult to realize.

The Social Security trust fund was projected to be exhausted in 2036, compared with last year’s projection that it would be depleted in 2027.

Read more at www.cbsnews.com

 

 
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Posted by on May 13, 2011 in alzheimer's

 

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60 Minutes Medicare Fraud A $60 Billion Crime (Video and Transcript)

This story may raise your blood pressure, along with some troubling questions about our government’s ability to manage a medical bureaucracy.

Scammer Explains How Easy It Is To Steal Millions

60 Minutes Medicare Fraud A $60 Billion Crime is sure to make taxpayers irate.
A Real Solution to the Health Care Crisis
Waste in Healthcare Spending Should be Issue Number One In Healthcare Insurance Reform
World Health Care Spending and Performance Ranking by Country (Table)
The price of excess: Identifying waste in healthcare spending
An Agenda for Change: Improving Quality and Curbing Health Care Spending: Opportunities for the Congress and the Obama Administration

Original content Bob DeMarco, Alzheimer’s Reading Room

Read more at www.alzheimersreadingroom.com

 

 
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Posted by on July 30, 2010 in Uncategorized

 

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Poll: Older Americans Perplexed by Health Care Law

The National Council on Aging has released a poll showing that a majority of senior citizens are uninformed about the impact of the federal health care law on Medicare and Medicaid benefits.
The national survey of 636 men and women ages 65 and over, conducted by Harris Interactive for the council, which lobbied for the new law, were unaware that the new law gradually increases prescription drug coverage, does not cut basic Medicare benefits in the future, and provides for an annual wellness visit to a doctor paid for by Medicare.Read more at newoldage.blogs.nytimes.com
 

 
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Posted by on July 28, 2010 in Uncategorized

 

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