Government Programs Medicare

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  • WASHINGTON— A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show. The cost of Medicare's "catastrophic" prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015, according to the program's...

  • A look at Medicare's top 20 priciest prescription drugs in 2015, ranked by their cost above the program's "catastrophic" coverage threshold. Medicare's catastrophic protection kicks in after a beneficiary has spent a given amount of their own money, $4,850 this year. Catastrophic spending is a large and growing share of total costs, threatening to make...

  • WASHINGTON— A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show. The cost of Medicare's "catastrophic" prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015, according to the program's...

  • Nursing home elderly

    Three people were charged with conspiring with others to have unqualified people admitted to skilled nursing homes and assisted living facilities.

  • NEW YORK, July 21- U.S. antitrust officials on Thursday moved to block an unprecedented consolidation of the national health insurance market, filing suit against Anthem Inc's proposed purchase of Cigna Corp and Aetna Inc's planned acquisition of Humana Inc.. The deals would hurt consumers in the different markets served by the four companies, from medical...

  • *Adds $200 million for 2016 Obamacare losses. *Optum unit revenue rises 51.5 percent to $20.6 billion. Next year, it will exit most of the two dozen states where it sells individual insurance on the exchanges but still has plans to sell in Nevada, New York and Virginia.

  • *Adds $200 million for 2016 Obamacare losses. July 19- UnitedHealth Group Inc on Tuesday said it anticipated another $200 million more in losses this year on the individual insurance business created under U.S. UnitedHealth also raised the low end of its full-year profit outlook to $7.80 per share from $7.75 while keeping the high end at $7.95.

  • Medicare Advantage grows, but provider choice is limited.

  • Medicare Advantage grows, but provider choice is limited.

  • Medicare Advantage grows, but provider choice is limited.

  • July 9- WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc is looking to shed as its seeks clearance for its acquisition of Humana Inc, people familiar with the matter said. WellCare and Centene submitted bids this week for a portfolio of Aetna's Medicare Advantage plans that covers...

  • Elizabeth Holmes

    U.S. regulators have banned Elizabeth Holmes, the chief executive of Theranos, from owning or operating a laboratory for at least two years.

  • July 7- The U.S. Department of Justice has significant concerns about Aetna Inc's proposed acquisition of health insurer Humana Inc, a source familiar with the situation said on Thursday, sending shares of Humana down as much as 11 percent. Aetna's purchase of Humana would combine two of the largest providers of Medicare Advantage plans for elderly people, and...

  • July 1- Aetna Inc has launched an auction to sell a portfolio of Medicare Advantage assets as it seeks antitrust approval for its $37 billion acquisition of U.S. health insurance peer Humana Inc, according to people familiar with the matter. Merging Aetna's and Humana's Medicare Advantage businesses would make the combined company the largest U.S. manager of...

  • CHICAGO, June 30- Would you call a U.S. program that helps 7 million seniors save money on Medicare annually "unnecessary"? But a network of more than 3,300 free Medicare counseling services could lose its $52 million in federal funding due to budget cuts. Navigating the Medicare program is complicated- more complicated than it needs to be.

  • Affordable Care Act supporters hold up signs outside the Supreme Court as they wait for the court's decision on Obamacare on Thursday, June 25, 2015.

    Health regulators are proposing to make some Medicare drug payments based on how well those medications work for patients.

  • Biotech rally underway

    CNBC's Meg Tirrell tracks the IBB, which is getting a boost from a new report on the health of Medicare.

  • JUSTICE DEPARTMENT SAYS LAW ENFORCEMENT OFFICIALS HAVE COMPLETED THE "LARGEST" EVER TAKEDOWN TO COMBAT MEDICARE FRAUD.

  • CHICAGO, May 26- A letter arrives in the mail with this opening line: "We are writing to let you know how you can get help paying your Medicare costs." And this year, the data from Social Security will help us reach out to seniors who should be enrolled. " About 30 percent of all Medicare Part D enrollees are in the Extra Help program, according to the Kaiser Family Foundation.

  • Clinton's plan could raise costs for some Obamacare cutomers

    Hillary Clinton's 'Medicare for More' plan would cover more people, but could also increase health-care costs for some.