Archive for December, 2010

Medicare’s income, outgo don’t add up

Associated Press, Washington — You paid your Medicare taxes all those years and want your money’s worth: full benefits after you retire.

CVS Acquires Medicare Business for $1.25B

New York — CVS Caremark is acquiring Universal American’s Medicare‘s Medicare Part D business for $1.25 billion. Universal American shareholders are expected to receive about $12.80 to $13 per share in cash from the acquisition, according to a press release. CVS shares were down 10 cents at $34.90, and Universal American shares were up $5.79 [...]

Medicare taxes wont cover what you’ll cost

Washington — What you paid in Medicare taxes shows up on your W-2 income tax form every year. So when you retire, you want your money’s worth.

CVS to buy Medicare business of Universal American

CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.’s Medicare prescription drug services unit.

CVS to buy Universal’s Medicare unit for $1.25 billion

Drugstore chain CVS Caremark agreed to buy Universal American’s Medicare prescription drug business for about $1.25 billion, to expand its presence in a growing segment of pharmacy benefits management.

CVS to buy Universal American’s Medicare drug unit

Drugstore chain CVS Caremark agreed to buy Universal American’s Medicare prescription drug business for about $1.25 billion.

Your Medicare taxes won’t cover what you’ll cost

What you paid in Medicare taxes shows up on your W-2 income tax form every year. So when you retire, you want your money’s worth.

CVS Buys Drug Unit of Universal American for $1.25 Billion

The deal will more than double the size of CVS Caremark’s business that provides prescription drug coverage under Medicare Part D.

Medicare shocker: What you pay in won’t cover your costs

Medicare shocker: What you pay in won’t cover your costs By RICARDOALONSO-ZALDIVAR The Associated Press Updated Dec 30, 2010 06:08PM MDT Washington • You paid your Medicare taxes all those years and want your money’s worth: full benefits after you retire. Nearly three out of five people say in a recent Associated Press-GfK poll that [...]

Video: 2011 Spells Trouble for Medicare

Medicare is in big trouble. Starting Jan. 1, 10,000 baby boomers will turn 65 every day for the next 19 years. As Sharyl Attkisson reports, if things don’t change, Medicare could be bankrupt by 2017.

Medicare Bound to Bust as First Boomers Hit 65

Starting New Year’s Day 10,000 Will Reach eligibility for Program Every Day for 19 Years, Risking Its Bankruptcy by 2017

Medicare Provides New Online Information on Physicians, Other Healthcare Workers

Physician Compare web site adds physicians to comparisons provided on nursing homes, home health agencies, health plans and drug plans. Links to videos on improving doctor visits

What you pay into Medicare won’t cover costs

People only put a third of the amount into the Medicare system that they’ll get back in benefits, finds a newly updated financial analysis that raises concerns about the growing gap.

What You Pay for Medicare Won’t Cover Costs

New Estimates Show Disconnect Between Public’s Perception and Shaky Financing of Medicare System

What you pay for Medicare won’t cover your costs

You paid your Medicare taxes all those years and think you deserve your money’s worth: full benefits after you retire.