As Avik Roy put it – ”In 1965, government experts projected that in 1990, on an inflation-adjusted basis, Medicare would cost $12 billion. In reality, Medicare in 1990 cost $107 billion. Oops.” This is still happening today, Medicare advantage programs are pushing their recipients to get tests and go for visits that they don’t need (numbers [...]
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Recent reports of the health care costs of retirement are staggering. Some estimates say that a retired couple who is not on an employer-sponsored benefit plan can expect to spend an average of $240,000 on health care during their retirement phase of life. Keep in mind these estimates are based on what some people typically [...]
As the Obama administration’s health care plan comes under fire, administration officials warn that Medicare payments might be disrupted, causing havoc for both patients and doctors. In an AP article posted on yahoonews.com, written by RICARDO ALONSO-ZALDIVAR, we take a look at what could happen to Medicare if Obama health care law is overturned. What Could [...]
The baby boomers are starting to reach their golden age – what was supposed to be a time where they can finally settle down and relax – but as the time draws near, health care costs are a big concern for upcoming retirees. In an article written by Christine Dugas, writing for usatoday.com, we hear the details [...]
While the news of increased efficiency and quality in care in the Medicare program is a good thing on the surface, the fact that Medicare doctors are facing a 30% cut in pay leaves one wondering about the real fate of Medicare reform. There are a lot of pieces to this puzzle and if you [...]
In article in www.reuters.com, Mark Miller writes about the above-average ratings for all Medicare plans. With special bonuses attached to those plans which provide higher quality service, plans such as Medicare Advantage are catching on – and this means patients can expect to see extra benefits in Medicare in the years to come. Find [...]
In a press release in the Wall Street Journal, the NCOA issued a statement on the 2012 Medicare Trustees Report which detailed five key facts that must be understood by policy-makers – and those who vote for them – if Medicare is to survive the upcoming challenges it faces. In the article below learn more about [...]
While it is not pleasant to hear the stories of Medicare’s possible failure, it is important to stay abreast of the news as it comes so that you or someone you love is not taken by surprise. Recently, the Chicago Tribune featured an article on the not so bright side of the Medicare’s future. While [...]
Bloomberg BNA announced the publication 2012 Edition of the “Social Security and Medicare Fact Sheet,” a convenient way to get answers to some common questions about benefits and changes in Social Security and Medicare. This fact sheet is available to anyone who is interested. In the press release below, you can find out what kind of information you [...]
Amidst all of the bleak projections of late regarding Medicare‘s future, we finally have a glimmer of hope shining through a report from the Medicare trustees: the Medicare Trust Fund is good through 2024; and surprisingly enough, it is not due to intervention from Washington, but rather, it is due to better efficiency in the overall health-care system [...]
