New Medicare payment rules are starting to strangle local small oxygen suppliers by forcing them to turn away business.
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The government can lower medical costs, but may limit innovation.
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Seniors who already had good coverage are spending more; others lowered overall costs. — Seniors enrolled in Medicare’s prescription drug program are spending more at the pharmacy with the government’s assistance, as expected, but that doesn’t always mean less spending on pricier hospital stays and doctor visits, a Pennsylvania study has found.
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“A new large-scale study of medical records found that the extra cost of extending prescription coverage to Medicare enrollees was substantially offset by lower spending on other medical care for people who previously had limited or no prescription-drug coverage,” The Wall Street Journal reports.
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President Obama reiterated his call to adjust Medicare reimbursement rates as a part of his broad push for health reform in a meeting with nine reporters, including writers from local newspapers, Wednesday.
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After enrolling in Medicare Part D, seniors who previously had limited or no drug coverage spent more on prescriptions and less on other medical care services such as hospitalizations and visits to the doctor’s office, according to a University of Pittsburgh Graduate School of Public Health study.
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July 2, 2009 - While Medicare is a valuable resource available to virtually all Americans once they turn 65, and to many others who suffer with disabilities, it has costs like premiums, deductibles and coinsurances that can add up and become very expensive.
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Two Miami-Dade County men have been indicted in a $179 million Medicare fraud scheme.
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