Federal agencies have doled out billions in erroneous payments over the last five years, but the problem is worsening, Fiscal Times reports.» Read More
Medicare program's payment rate for hospital outpatient services will increase 2.3 percent in calendar year 2015, while the rate for ambulatory surgical services will rise 1.4 percent, the federal government announced on Friday. The Medicare health insurance program for the elderly and disabled will also begin to pay doctors a monthly fee to coordinate...
Oct 30- Cigna Corp. said on Thursday that financial losses from the new Obamacare health insurance eased in the third quarter, becoming the second insurer this week to say that business was improving. Cigna, Aetna Inc and Humana Inc have said since the beginning of the year that they were posting losses on the plans because their patients were older and sicker...
Federal authorities are investigating whether officials at the agency that runs Medicare leaked information that landed with Wall Street traders.
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....
Most people don't examine their current Medicare plan—or even consider options. But enrollees need to do that every year, experts say.
Jeff Merkley, a U.S. senator from Oregon, was improperly enrolled into low-income Medicaid by Cover Oregon.
Oct 1- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, said Walgreen Co would sell prescription drugs under its two Medicare Part D plans for 2015..
Oct 1- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, said its two Medicare Part D prescription drug plans would be available at Walgreen Co as part of Express Scripts' preferred pharmacy network.
Sept 30- U.S. drugstore chain Walgreen Co said lower insurer payments for prescriptions amid increased competition, and a rise in generic drug prices would continue to hurt margins in the current quarter, pressing its shares. Pharmacy chains such as Walgreen are contracted with health insurers and others that operate Medicare Part D drug plans.
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.
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.
WASHINGTON, July 30- Ten months after the botched rollout of HealthCare.gov, Obamacare's federal health insurance exchange is still dogged by cost overruns and technology delays that could hamper enrollment when it resumes in November, a U.S. watchdog said.
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.
CNBC's John Harwood reports the details from the Social Security & Medicare Trustee Report, which informs Medicare will have sufficient funds until 2030, and disability insurance within social security will be insolvent in late 2016.
Slower growth in healthcare spending is shoring up the funding outlook for the federal Medicare program that covers hospital bills for the elderly.
WASHINGTON, July 28- Slower growth in U.S. healthcare spending and expected savings from Obamacare are shoring up the funding outlook for the federal Medicare program that covers the hospital bills of the elderly, trustees of the program said on Monday.