Tag: Medicare

Barack Obama Has the Last Word on the Medicare “Doc Fix” »

On April 15, President Obama signed the so-called Medicare “doc fix,” a bill that I previously warned would recruit Republicans onto Obamacare’s B-Team. I had also hoped that they would reject the bill, especially after Medicare’s Chief Actuary delivered an even harsher verdict on its consequences than the Congressional Budget Office had. Unfortunately, massive…
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Seven of 10 Doctors See Effects of Climate Change on Patients! »

Just within the past couple of weeks, we’ve seen Congressional Republicans join with Democrats to buy into the idea that the federal government knows how to pay doctors for “quality” and “value.” It is the main concept behind the misconceived Medicare “doc fix” bill that the Senate will consider this week. If adopted, it…
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Needles of Panic? White House Fears Rejection of Boehner-Pelosi-Obama Medicare “Doc Fix” »

The White House is starting to lose confidence that the Senate will uncritically swallow the Boehner-Pelosi-Obama so-called Medicare “doc fix”. According to The Hill, the Obama administration is pleading with the Senate to pass the Medicare Access and CHIP Reauthorization Act (MACRA) immediately after the Senate reconvenes on April 13. If not, the bill…
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More Bad News about the Medicare Doc Fix »

Opposition to the outrageous so-called Medicare doc fix bill, which will increase the federal deficit by $141 billion, is growing. Michael Cannon of the Cato Institute explains how this will “bust the budget.” My Forbes editor, Avik Roy, pleads that the Senate stop this monstrosity (which passed the House by a huge majority). On…
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How Much of Federal Transfer Payments Are Obamacare Subsidies? More than You Think! »

January’s Personal Income and Outlays report from the Commerce Department’s Bureau of Economic Analysis shows how significant Obamacare’s subsidies to households have become. Last month, they accounted for 21 percent of the increase in total government transfer payments to households: Personal current transfer receipts increased $24.8 billion in January, compared with an increase of $13.8 billion…
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Why Hasn’t Medicare Advantage Collapsed? »

Milliman, the actuarial consulting firm, has published a new report on the impact of the government’s cuts to Medicare Advantage. The report was sponsored by the Better Medicare Alliance, which announced that “Seniors now face soaring maximum annual out-of-pocket costs” due to the cuts. And yet, the purported cuts have not really bitten health insurers. Medicare Advantage enrollment…
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GAO: Medicare, Medicaid and Veterans Health Administration at High Risk for Fraud, Waste, Abuse »

The Government Accountability Office (GAO) has published its annual update of federal programs “that it identifies as high risk due to their greater vulnerabilities to fraud, waste, abuse, and mismanagement…” Healthcare programs feature high on the list. Medicare, the entitlement program for seniors, and Medicaid, the joint state-federal welfare program for low-income households, are…
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“Site-Neutral” Medicare Payments: A Good Idea from President Obama’s Budget »

Imagine that there are two providers of the same service. Their quality and timeliness are comparable. However, one provider charges significantly more than the other. In a normally functioning market, you would expect that the more expensive provider would have to significantly change its cost structure to stay in business. What if the more…
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Obamacare’s Effect on Uninsured Is Trivial »

At the end of 2014, Jason Furman and Matt Fiedler of President Obama’s Council of Economic Advisers published an analysis of the uninsured in the first half of 2014. The two economists boasted that “2014 Has Seen Largest Coverage Gains in Four Decades, Putting the Uninsured Rate at or Near Historic Lows.” Their own…
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Third Parties Control 83 Percent of Prescription Drug Spending, Up from 52 Percent in 1993 »

Adam J. Fein of Drug Channels has written a short article describing the evolution of payment for prescription drugs. In just twenty years, patients’ share of payments dropped from almost half of the spending to just 17 percent. Even worse, Fein forecasts, the share will drop to 12 percent by 2023. Of course, if you look…
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