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...» Read More
When President Obama was elected, aides say, he saw Rep. Paul Ryan as someone he could possibly work with to reverse the federal debt. He soon would change his view.
Rep. Paul Ryan, the Wisconsin congressman who is now Mitt Romney's vice presidential choice, has made many appearances on CNBC in his role as chairman of the House Budget Committee and the author of a controversial budget plan that projects spending cuts of $5.3 trillion over ten years. Here's a collection of video clips going back to June, 2011.
Paul Ryan's blueprint for Medicare could prove as polarizing in the campaign as President Barack Obama's health care overhaul has been. Even Mitt Romney may not want to go there.
A provision of the Affordable Care Act squeezes premiums that drugmakers collect from the government has yielded savings of $687 million in the first six months of 2012.
Debra Cafaro, CEO of Ventas, chats with Cramer about what's next for her company.
"I think in particular, the 'individual mandate', had it been framed as a tax, it would have been on much more solid ground, just as the Medicare tax is," says Ronald Williams, former Aetna chairman and CEO, weighing in on the pending Supreme Court decision on health care reform.
The differences between President Obama and Mitt Romney on Medicare are stark, but both candidates agree that the other's plan would end the program as it now exists.
Two new studies show Americans drastically underestimate how much they will spend out-of-pocket on health-care costs during retirement, estimated to total $240,000.
More than 100 people are charged in what authorities say is the largest one-day takedown ever for Medicare fraud.
CNBC's Scott Cohn reports $453 million, 7 cities and 108 people have been charged in an alleged Medicare fraud case.
The growth of health spending has slowed substantially in the last few years, surprising experts and offering some fuel for optimism about the federal government’s long-term fiscal health. The New York Times reports.
Despite a landmark settlement that was expected to increase coverage for out-of-network care, the nation’s largest health insurers have been switching to a new payment method that in most cases significantly increases the cost to the patient, the New York Times reports.
CNBC's John Harwood reports the Social Security trustees project Medicare and Social Security cannot sustain costs and that lawmakers must act quickly to save both programs.
President Barack Obama remarks on the U.S. economy and says, "our discretionary spending is lower than it's been in decades."
This month, the Supreme Court, under Chief Justice John Roberts, will hear extended arguments leading to a final ruling on President Obama's signature healthcare legislation, the New York Times reports.
Members of a House-Senate committee charged with writing a measure to extend a payroll tax reduction and provide added unemployment benefits reached a tentative agreement Tuesday evening, with Republicans and Democrats claiming a degree of political victory in a fight with significant election-year implications, the New York Times reports.
In the short time between the election and Dec. 31, the lame duck U.S. Congress has a “golden opportunity” to close two-thirds of the budget deficit by letting tax cuts expire and allowing mandatory budget cuts to kick in, Roger Altman, founder of Evercore Partners and a former deputy U.S. Treasury secretary, told CNBC.
Honeywell CEO David Cote wants President Obama to talk about the national debt and how he'll shrink it during the State of the Union address later Tuesday, he told CNBC.
With two trading days left in the year, “Fast Money” pro Anthony Scaramucci shared his 2012 predictions on Europe, gold, the U.S. dollar, Iran and Occupy Wall Street.
Pharmaceutical giants’ profits could take a "double-dip" hit next year from patent expirations on blockbuster drugs and President Barack Obama’s healthcare reforms, according to a report from CreditSights, a credit market research firm.