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Over 8.2 million seniors have saved more than $11.5 billion on prescription drugs since 2010

HHS: July 29, 2014 Findings come on eve of Medicare’s 49th anniversary Information released today by the Department of Health and Human Services shows that more than 8.2 million seniors and people with disabilities with Medicare continue to enjoy prescription drug savings as a result of the Affordable Care Act, saving $11.5 billion since 2010. […]

Multiple Chronic Conditions and Life Expectancy: A Life Table Analysis

Medical Care:  8/1/14 Background: The number of people living with multiple chronic conditions is increasing, but we know little about the impact of multimorbidity on life expectancy. Objective: We analyze life expectancy in Medicare beneficiaries by number of chronic conditions. Research Design: A retrospective cohort study using single-decrement period life tables. Subjects: Medicare fee-for-service beneficiaries […]

Press release: Trustees Report shows continued reduced cost growth, longer Medicare solvency

CMS: Monday, July 28, 2014 Trustees Report shows continued reduced cost growth, longer Medicare solvency The Medicare Trustees today projected that the trust fund that finances Medicare’s hospital insurance coverage will remain solvent until 2030, four years beyond what was projected in last year’s report. Due in part to cost controls implemented in the Affordable Care […]

The Facts on Medicare Spending and Financing

KFF: Jul 28, 2014 Overview of Medicare Spending Medicare, the federal health insurance program for 54 million people ages 65 and over and people with permanent disabilities, helps to pay for hospital and physician visits, prescription drugs, and other acute and post-acute services. In 2013, spending on Medicare accounted for 14% of the federal budget (Exhibit […]

OIG Turns Up the Heat on Medicare Overpayments

BNA: Friday, July 25, 2014 In a story that seems to repeat itself over and over, the OIG has uncovered more improper Medicare payments, this time associated with Medicare administrative contractors (MACs). Two recent OIG reports (covering former Jurisdictions 13 and 14) discovered that two MACs made $4 million in overpayments to providers for outpatient drugs between July […]

Examining Medicare’s Hospital Readmissions Reduction Program

Health Affairs: July 24th, 2014 New financial incentives and penalties in the Affordable Care Act (ACA) designed to optimize health care system performance are proving difficult to manage, but they are also providing new opportunities for leaders to foster collaboration between acute and post-acute health care providers. Perhaps one of the most promising, albeit controversial, programs […]

Medicare Part B Intensity and Volume Offset

Medicare Part B Intensity and Volume Offset

Wiley: 22 JUL 2014 SUMMARY Under Medicare Part B, adjustments to the fee schedule are made under the assumption that physicians and hospitals make up for fee reductions through increased service provision called ‘volume offsetting’. While historically, researchers have found evidence of volume offsetting, more recent studies have called into question its magnitude and existence. […]

How Much Is Enough? Out-of-Pocket Spending Among Medicare Beneficiaries: A Chartbook

KFF: Jul 21, 2014 As part of efforts to rein in the federal budget and constrain the growth in Medicare spending, some policy leaders and experts have proposed to increase Medicare premiums and cost-sharing obligations.  Today, 54 million people ages 65 and over and younger adults with permanent disabilities rely on Medicare to help cover […]

The Implications of Demographic Change on the Future of Medicare: Racial and Gender Disparities in Longevity, Physical Stature, and Lifetime Medicare Expenditures

Cambridg: 18 July 2014 Medicare is the most important publicly financed insurance programme in the US, with an annual budget at $500 billion or higher. It covers the majority of the inpatient, outpatient and prescription drugs expenditures of the seniors from age sixty-five until death. Using nationally representative data of current Medicare beneficiaries, this study […]