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Medicare

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  • The $142 billion cost reduction over 10 years from the Congressional Budget Office's previous estimate in January was good news for supporters of the Affordable Care Act, as Obamacare is formally known, as the Supreme Court ponders another challenge to the controversial law. But the CBO and the Joint Committee on Taxation said those subsidies now are...

  • WASHINGTON, March 9- The Congressional Budget Office on Monday upwardly revised its fiscal 2015 U.S. budget deficit forecast to $486 billion, but said lower estimated costs associated with the "Obamacare" health reforms would help shrink cumulative deficits over the next 10 years. It said spending on health insurance subsidies provided through insurance...

  • March 3- The U.S. Supreme Court is set to hear a second major challenge to President Barack Obama's healthcare law on Wednesday, focusing on the issue of tax subsidies available through insurance exchanges set up under the statute. The Affordable Care Act, often called Obamacare, requires people who do not get health insurance through their employer, or the...

  • Feb 20- The U.S. government on Friday proposed a 0.9 percent cut in payments to health insurers for 2016 Medicare Advantage plans, which provide health benefits to more than 16 million elderly or disabled people. Insurers such as UnitedHealth Group Inc, Humana Inc and Aetna Inc provide these plans, which cover nearly one-third of all Medicare enrollees.

  • Feb 20- The U.S. government on Friday announced proposed payments to health insurers for 2016 Medicare Advantage plans that it said were fairly stable compared with 2015.. The proposal, released in a document by a division of the U.S. Department of Health and Human Services, sets out the parameters for reimbursement by the government for Medicare Advantage.

  • WASHINGTON, Feb 20- The Obama administration said on Friday it would create a special enrollment period for tax filers who were unaware they could face penalties for missing the Feb. 15 deadline to obtain health insurance through the federal marketplace. "We recognize that this is the first tax filing season where consumers may have to pay a fee or claim an...

  • Feb 4- Nearly 7.5 million people have signed up for 2015 Obamacare health plans through HealthCare.gov with demand increasing as the Feb. 15 enrollment deadline approaches, a senior U.S. health official said on Wednesday. The two top states for sign-ups were Florida, with 1.34 million people having selected plans as of Jan. 30, and Texas, with 969,461 plans.

  • Doctors' group joins fight against high drug prices Tuesday, 3 Feb 2015 | 3:34 PM ET
    An undated handout photo provided by Gilead Sciences shows the hepatitis-C medication Sovaldi.

    A leading group of physicians is warning that high prices of specialty drugs is creating barriers to care for patients.

  • HHS wants power to negotiate specialty drug prices Monday, 2 Feb 2015 | 4:25 PM ET
    U.S. Secretary of Health and Human Services Sylvia Burwell.

    The $1.08 trillion budget sought by federal health officials includes a request they be able to negotiate some drug prices for Medicare.

  • WASHINGTON, Feb 2- The Obama administration said on Monday it would seek authority to negotiate prices for high-cost drugs under the government's Medicare Part D program, which offers private drug coverage for senior citizens and the disabled. But the plan would require the administration to get a green light from Congress, where Republicans who control the...

  • WASHINGTON, Feb 2- The Obama administration said on Monday it would seek authority to negotiate pricing for high-cost drugs under the federal government's Medicare Part D program, which offers private insurance drug coverage for senior citizens and the disabled. President Barack Obama's new $3.99 trillion budget for fiscal-year 2016 proposes allowing...

  • U.S. health insurers eye higher Obamacare profit margins Wednesday, 28 Jan 2015 | 6:06 PM ET

    NEW YORK, Jan 28- Top U.S. health insurers say their businesses offering medical coverage under so-called Obamacare are turning into profitable ventures and that they are now aiming to be on par with other sought-after government health programs. This puts the business closer to a profit margin that many insurers earn on the government's Medicare Advantage...

  • Anthem, which operates Blue Cross Blue Shield health plans in 14 states, forecast 2015 adjusted earnings to be more than $9.70 per share and operating revenue of between $78 billion- $78.5 billion. It also operates Medicare and Medicaid plans. The company's net profit rose to $506.7 million, or $1.80 per share, in the fourth quarter ended Dec. 31 from $148.2 million,...

  • WASHINGTON, Jan 26- The Obama administration on Monday unveiled an ambitious plan to control health costs by moving the $2.9 trillion U.S. health systems away from costly fee-for-service medicine, beginning with the Medicare program for the elderly and disabled. About 20 percent of traditional Medicare payments, a sum worth $72 billion, currently go to...

  • US unveils Medicare changes Monday, 26 Jan 2015 | 12:41 PM ET
    US unveils Medicare changes

    The White House has proposed an alternative Medicare model. The proposal would phase out fee-for-service, reports CNBC's John Harwood.

  • Feds to tie more Medicare payments to 'value' Monday, 26 Jan 2015 | 12:30 PM ET
    Health and Human Services Secretary Sylvia Mathews Burwell testifies before the Senate Appropriations Committee Capitol Hill in Washington.

    The Obama administration said more Medicare payments will be linked to the value given patients, as opposed to a fee for services.

  • WASHINGTON, Jan 26- The Obama administration on Monday unveiled an ambitious plan to control health costs by moving the $2.9 trillion U.S. health systems away from costly fee-for-service medicine, beginning with the Medicare program for the elderly and disabled. About 20 percent of traditional Medicare payments currently go to providers with cost-saving...

  • GOVT UNVEILS PLAN TO TIE 50 PCT OF TRADITIONAL MEDICARE PAYMENTS TO ALTERNATIVE PAYMENT MODELS BY 2018.

  • Politics trumped Medicare probe moves: Report Friday, 12 Dec 2014 | 1:40 PM ET
    Marilyn Tavenner

    The head of Medicare reversed two decisions to halt payments to health providers after being contacted by elected officials, The Wall Street Journal reported.

  • 'Kickback' flak: Sanofi's caseload grows bigger Friday, 5 Dec 2014 | 4:37 PM ET
    A Sanofi lab worker packages vaccines against the flu.

    Drug giant Sanofi is juggling legal and regulatory issues surrounding three cases involving alleged payments or inducements to medical providers.