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Government Programs Medicare

  • In a press release, Grassley's office said the HHS Inspector General confirmed in discussions with Senate aides that the watchdog office notified the Centers for Medicare and Medicaid Services about the problematic classification, which was highlighted in a report. A Justice Department spokeswoman declined to comment to Reuters on the purported...

  • WASHINGTON, Nov 8- The internal watchdog at the U.S. Department of Health and Human Services warned the office tasked with administering federal health insurance programs that Mylan NV's EpiPen was improperly classified as a generic drug in 2009, Senator Charles Grassley said Tuesday. Mylan said last month it intends to pay $465 million to settle with the U.S....

  • WASHINGTON, Nov 8- The internal watchdog at the U.S. Department of Health and Human Services warned the office tasked with administering federal health insurance programs that Mylan NV's EpiPen was improperly classified as a generic drug in 2009, Senator Charles Grassley said Tuesday. In a press release, Grassley's office said the HHS Inspector General...

  • Nov 4- Diagnostic company Alere Inc said on Friday the Medicare enrollment of one of its units had been revoked effective Nov. 4 by the Centers for Medicare and Medicaid Services, which said the unit had submitted claims for 211 dead patients. The CMS sent the unit, Arriva Medical LLC, a notice on Oct. 5 and revoked the unit's enrollment after Alere unsuccessfully...

  • Nov 4- Diagnostic company Alere Inc said on Friday the Medicare enrollment of one of its units had been revoked effective Nov. 4 by the Centers for Medicare and Medicaid Services, which said the unit had submitted claims for 211 dead patients. The CMS sent the unit, Arriva Medical LLC, a notice on Oct. 5 and revoked the unit's enrollment after Alere unsuccessfully...

  • Nov 4- The Centers for Medicare and Medicaid Services sent Alere Inc a notice on Oct. 5 saying it would revoke the Medicare enrollment of one of the molecular diagnostic company's unit, Alere said in a regulatory filing on Friday. The CMS said that the unit, Arriva Medical LLC, had allegedly submitted claims for 211 deceased patients over a five year period, Alere...

  • *Q3 adj profit $3.18/ share vs est $3.15/ share. Nov 4- Health insurer Humana Inc reported a higher-than-expected quarterly profit on Friday due to strength in its Medicare Advantage business, which sells plans to the elderly and people with disabilities. President Barack Obama's Affordable Care Act, popularly known as Obamacare, created online exchanges where...

  • *Q3 adj profit $3.18/ share vs est $3.15/ share. Nov 4- Health insurer Humana Inc reported a higher-than-expected quarterly profit on Friday due to strength in its Medicare Advantage business, which sells plans to the elderly and people with disabilities. Humana said on Friday it now expected premiums of $1 billion- $1.25 billion in 2017 from its Obamacare plans, up...

  • Social Security checks

    A New York Times writer explains to CNBC's "On the Money" why fixing Social Security is complex, and why solutions won't come easy.

  • WASHINGTON, Oct 27- President Barack Obama on Thursday urged more than 25,000 volunteers and advocates who dialed in to a White House conference call to pull out the stops to boost the number of people signing up for Obamacare health insurance plans. Americans who do not receive health insurance through their employer or through Medicare or Medicaid programs...

  • Oct 27- U.S. health insurer Aetna Inc on Thursday reported a higher-than-expected quarterly profit as memberships grew in its government business, which sells Medicaid and Medicare plans. The company, which is fighting a U.S. government lawsuit to block its $34 billion deal to buy Humana Inc, said net income rose to $603.9 million, or $1.70 per share, in the third...

  • Oct 27- U.S. health insurer Aetna Inc reported a higher-than-expected quarterly profit as memberships grew in its government business, which sells Medicaid and Medicare plans. The company, which is fighting a U.S. government lawsuit aimed at blocking its $34 billion Humana Inc deal, said its net income rose to $603.9 million, or $1.70 per share, in the quarter, from...

  • Obamacare is less of an issue for Fresenius: CEO

    In light of its results, Fresenius Medical Care CEO, Rice Powell talks about the state of the health care industry as the U.S. election draws nearer.

  • Oct 24- Life Care Centers of America Inc and its owner Forrest Preston agreed to pay $145 million to resolve federal lawsuits accusing one of the largest privately held U.S. nursing home chains of Medicare fraud, the U.S. Department of Justice said on Monday. As part of the settlement resolving claims under the federal False Claims Act, Life Care also entered a...

  • *Third-quarter revenue rises 11.6 percent to $46.29 bln. Shares of UnitedHealth, which beat Wall Street third-quarter earnings estimates, raised its full-year outlook and signaled 2017 earnings could also top analyst expectations, surged over 7 percent. President Barack Obama' s national healthcare reform law because it was unable to make money on the plans.

  • Medicare enrollment

    Shopping around for better coverage can cut your monthly premiums and out-of-pocket expenses by hundreds of dollars next year.

  • The cut could mean at least a $1 billion revenue hole for 2018, JP Morgan analyst Gary Taylor wrote in a research note. Shares of Humana, whose plan to be bought by larger rival Aetna Inc is being challenged by the U.S. Justice Department in court, fell 5.8 percent, or $10.34, to $167.19. The government reimburses insurers more for 4- star rated Medicare plans than it...

  • Trading the biotech sell-off

    Chris Raymond, Raymond James analyst, discusses how to trade the biotech sell-off amid election season.

  • Shares in Humana, whose plan to be bought by larger rival Aetna Inc. is being challenged by the U.S. Justice Department in court, fell 5 percent, or $9.95, to $167.58. The government reimburses insurers more for 4- star rated Medicare plans than it does for lower-rated plans. Humana raised its 2016 earnings forecast, citing better-than-projected performance in...

  • CHICAGO, Oct 12- Medicare will cost you more in 2017- all the more reason to scrutinize your coverage as the annual open enrollment gets under way this weekend. Open enrollment- which runs from Oct. 15 to Dec. 7- is the time of year when Medicare enrollees can switch their Part D prescription drug coverage. Premiums and other out-of-pocket Medicare costs will be higher...