Word: medicaid
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...where will Congress find the money, especially for the government subsidies it would take to expand coverage to the 47 million or so Americans who now lack it? Lawmakers are reluctant to squeeze Medicare and Medicaid payments to hospitals and doctors much more than they already have. And while there's talk of new taxes on cigarettes and alcohol - even junk food and soda - they are not likely to bring in anything close to the $1.5 trillion that outside experts say it could cost over the next decade to bring about universal coverage...
...bill. "In the vast majority of cases, our credit will more than cover an employee's share of a health plan's cost, which is about a third of a plan's total cost, or $4,000," Coburn says. The plan would also aim to move people off of medicaid, giving low-income Americans subisidies to purchase their own coverage. "The people who will benefit the most are the people who need help the most - low-income families and the unemployed. If you don't have a job or you get no help with your health insurance, if our bill...
...then, because this is Miami, there's fraud. Miami-Dade in recent years has seen a boom in Medicare and Medicaid scams. Last week Spain arrested - and sent back to the U.S. - a Miami man wanted by the FBI for allegedly submitting more than $10 million in false claims for his Hialeah medical-supply company. Last month the U.S. Department of Health and Human Services reported that while only 2% of the nation's Medicare recipients live in South Florida, the area received the highest reimbursements for medical supplies like inhalation drugs - about 20% more than the second highest recipient...
...ever-increasing healthcare burden, just as Washington is straining to pay for its healthcare programs. As President Obama said today: "The explosion in health care costs has put our federal budget on a disastrous path. This is largely due to what we're spending on Medicare and Medicaid." Not coincidentally, a new report was released on Tuesday forecasting a dire outlook for Medicare. The report forecast that, based on current trends, Medicare would run out of funds by 2017. Just one year ago, a similar report said Medicare's hospital insurance trust fund would not run short of funds until...
...While these are the obvious steps, it is hard to imagine them happening without the government leading the way with a comprehensive health-reform plan. Medicare and Medicaid programs are such large players in the health-care market that they can often force changes in the way the market works. But in the end, says Orszag, "everyone needs to hold hands and move together...