Posts Tagged ‘spending’
Agency For Healthcare Research And Quality News And Numbers: High Cholesterol, Diabetes Lead Drug Spending For The Elderly
Purchases of cholesterol and diabetes prescription drugs by elderly Medicare beneficiaries reached nearly $19 billion in 2007 – about one-fourth of the approximately $82 billion spent for medications for the elderly, according to the latest AHRQ News and Numbers…
Deficit Panel To Tackle Worries Of Federal Debt, Including Health Spending
The New York Times reports that President Obama’s appointment of a special panel to study the nation’s debt will come “(a)fter decades of warnings that budgetary profligacy, escalating health care costs and an aging population would lead to a day of fiscal reckoning…
Health Spending Consumes More Of U.S. Economy, Will Tip Toward Government
A new report by federal actuaries shows government programs will pay for more than half of all U.S. health care spending by 2012, and that total spending on health grew as a share of the economy by 1.1 percent last year to 17.3 percent, the largest leap ever, the Los Angeles Times reports. “The almost $2…
CMS Issues Annual Report On National Health Spending
Nominal health spending in the United States grew 4.4 percent in 2008, to $2.3 trillion or $7,681 per person. This was the slowest rate of growth since the Centers for Medicare & Medicaid Services started officially tracking expenditures in 1960. Despite slower growth, however, health care spending continued to outpace overall nominal economic growth, which grew by 2…
Impact Of Medicare Part D On Medical Spending Addressed By NEJM Study
After enrolling in Medicare Part D, seniors who previously had limited or no drug coverage spent more on prescriptions and less on other medical care services such as hospitalizations and visits to the doctor’s office, according to a University of Pittsburgh Graduate School of Public Health study.
MedPAC Questions Spending But Comes Up Short On Solutions
The Medicare Payment Advisory Commission – an independent group that makes recommendations to Congress on Medicare issues – said in its annual June report that the “government must give doctors and health-care facilities incentives to rein in costs in providing care for the elderly and disabled,” the Wall Street Journal reports.
Senate Approves Supplemental Spending Bill With Funds For Flu Pandemic
The Senate on Thursday voted 86-3 to approve a $91.3 billion fiscal year 2009 supplemental war appropriations bill (HR 2346) that includes $1.5 billion for influenza pandemic preparedness, the AP/Detroit Free Press reports (Taylor, AP/Detroit Free Press, 5/21). The House already has approved a $96.
Avalere Shows Home Health Interventions Associated With Lower Medicare Spending And Re-Hospitalizations For Patients With Chronic Illness
Medicare patients with diabetes, chronic obstructive pulmonary disease, or congestive heart failure that used home healthcare within 3 months of being discharged from a hospital cost the program $1.71 billion less and had 24,000 fewer re-hospitalizations than similar patients that used other forms of post-acute care over a two-year period.
Medicare Outpatient Prescription Drug Spending Jumped From $5.9 Billion To $44.3 Billion Between 2005 And 2006
Medicare payments for outpatient prescription medications increased by more than $38 billion when comparing 2005 and 2006 data, according to the latest News and Numbers from the Agency for Healthcare Research and Quality. Medicare offered prescription drug coverage to all Medicare beneficiaries beginning in January 2006 with the implementation of Medicare Prescription Drug Coverage or Medicare Part D.
Fraud, Abuse Contributed To 44% Increase In Medicare Spending On Home Health Services Over Five Years, According To GAO
Fraud and abuse by some home health care providers contributed to a 44% rise in Medicare spending on home health care services over five years, according to a Government Accountability Office report released Friday, USA Today reports. The report reviewed home care payments between 2002 and 2006.
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