Toby Cosgrove, Cleveland Clinic CEO, discusses the impact of the Affordable Care Act on patients, including what they will pay and the strain on the nation's Medicare and Medicaid systems. And Aetna CEO Mark Bertolini, weighs in.» Read More
Oct 29- WellPoint Inc on Wednesday reported third-quarter profit that beat Wall Street expectations as the company's customer numbers grew due to growth in Medicaid and the creation of new subsidized individual health plans under the national healthcare reform law. The company reported net profit of $630.9 million, or $2.22 per share, compared with $656.2...
Oct 28- Health insurer Centene Corp reported better-than-expected quarterly revenue and profit as it signed on more Medicaid members. Centene, which provides services to government-sponsored healthcare programs, said total membership increased 42 percent from a year earlier to 3.7 million as of Sept. 30. Net profit attributable to Centene rose to $82.6...
Oct 28- Aetna Inc, the third-largest U.S. health insurer, said on Tuesday that third-quarter profit rose as the benefits of its Coventry government healthcare acquisition offset higher medical costs in its commercial business. This is also the first full year of owning the Coventry business, which specializes in Medicare and Medicaid plans from the U.S....
Oct 28- Health insurer Centene Corp reported a better-than-expected adjusted profit in the third quarter as it signed on more Medicaid members. About 70 percent of the total were Medicaid members. Net profit attributable to Centene rose to $82.6 million, or $1.36 per share, in the quarter ended Sept. 30, from $49.4 million or 87 cents per share.
NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said some of these services might have been...
NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said the fraud led to the city and Computer...
Jeff Merkley, a U.S. senator from Oregon, was improperly enrolled into low-income Medicaid by Cover Oregon.
WASHINGTON, Oct 2- The U.S. Supreme Court is set to decide in a case coming from Idaho whether private medical providers can sue a state in order to raise Medicaid reimbursement rates to deal with rising medical costs. Medicaid is a federal health insurance program for lower-income people that is administered by the states. Idaho's lawyers say that in order to...
*Medicaid expansion key part of Obama's healthcare reform. Up to a dozen states, including several led by Republicans, could move forward with plans to expand coverage under Medicaid after the November elections. Texas Governor Rick Perry once said expanding Medicaid would be similar to "adding a thousand people to the Titanic."
A report by the U.S. Department of Health and Human Services said nearly three-quarters of the savings, $4.2 billion, would occur in states that have opted to expand the Medicaid healthcare program for the poor as part of the law, popularly known as Obamacare.
Virginia Gov. Terry McAuliffe, stymied in his efforts to expand Medicaid in the state, Monday said he would extend health coverage to 25,000 people.
Hospitals in states that expanded Medicaid are reaping financial benefits in excess of original estimates, a new report found.
Pennsylvania's Medicaid expansion plan could be changed a bit if Democrat Tom Wolf beats Gov. Tom Corbett this fall.
WASHINGTON, Aug 26- Three firms involved in the troubled Obamacare website HealthCare.gov have seen their contract values exceed initial estimates by more than a quarter-billion dollars, including the lead IT contractor at the time of the site's botched rollout, government data shows.
Medicare’s five-year-old rating system to help families select nursing homes relies on unverified, incomplete and often misleading data. The NYT reports.
NEW YORK,- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
NEW YORK, Aug 7- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
In California, however, insurers' projections of 2014 medical spending were fairly accurate. Other companies planning to sell 2015 Obamacare policies in California include Kaiser Permanente, Health Net, and Molina Healthcare. California is the largest of about a dozen states to announce proposed 2015 rates.
In California, however, insurers' projections of 2014 medical spending were fairly accurate. California is the largest of about a dozen states to announce proposed 2015 rates.
WASHINGTON, July 31- U.S. consumers who purchase private health coverage through the federal Obamacare website HealthCare.gov are likely to find only modestly higher premiums but may still have technical problems signing up, a top health official said on Thursday.