Hard fiscal choices are looming on the horizon according to the preliminary report released today by the National Commission on Fiscal Responsibility and Reform. The bipartisan commission, established by the White House, set out to examine ways to reduce the federal deficit through spending cuts and took large swings at sacrosanct topics that affect Baby […]
Category: Medicare & Medicaid
Written by Robert Blancato November 15 marks the beginning of open enrollment for the Medicare prescription drug benefit. Public officials have already taken steps to streamline the program, otherwise known as Medicare Part D, making it that much easier for seniors to sign up and customize coverage to best fit their medical needs. Part D […]
A new report released by the U.S. Department of Health and Human Services estimates that under the Affordable Care Act, average savings for those enrolled in traditional Medicare will amount to more than $3,500 over the next 10 years. The report cites that savings with the new program maybe even higher for those who have […]
As Medicare spending continues to rise, many organizations are examining ways to keep those costs in check and a new study from the Kaiser Family Foundation finds that Medicare beneficiaries that stay in long-term care facilities account for an excessive portion of Medicare spending and that focusing on prevention can reduce those costs. Of the […]
The Social Security Administration announced Friday that there will be no increase in benefits next year. This marks the second year in a row without an increase for more than 58 million retirees. Inflation has been kept in check during the economic downturn and until meaningful inflation increases return, retirees won’t see any increases in […]
The Centers for Medicare & Medicaid Services (CMS) announced that it is providing an award of $9 million in grants to help more than 50 Senior Medicare Patrol (SMP) programs fight Medicare fraud. The grants further the Obama Administration’s efforts to educate seniors and other Medicare beneficiaries about how to prevent fraud in Medicare. The […]
The Kaiser Commission on Medicaid and the Uninsured released a report last week that finds that Medicaid enrollment increased by nearly 6 million people between the start of the recession in December 2007 and December 2009. In December 2009, 48.5 million people were enrolled in state Medicaid programs, an increase of 1.6 million over June […]
The Affordable Care Act (ACA) is expected to drive nearly $8 billion in savings for Medicare by the end of 2012 according to recently released analysis done by the Centers for Medicare & Medicaid Services (CMS). The ACA is projected to more than double the life of the Medicare Trust Fund, extending its life from […]
The annual report released by the Social Security Board of Trustees examining the financial health of the Social Security Trust Funds outlines a stable long-range outlook. The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2037, the same as projected last year and the report […]
A new grant solicitation issued last week by the Centers for Medicare & Medicaid Services (CMS) announced the availability of $2.25 billion in grants to states to expand the Money Follows the Person Rebalancing (MFP) Demonstration program. The program provides opportunities for Americans with disabilities to receive more help to live independently and remain in […]
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