Latest Medicare News
Medicare, Social Security could fall short over next decade
WASHINGTON (AP) — The financial safety nets millions of older Americans rely on and millions of young people are counting on will run short of money to pay full benefits within the next decade, the annual Social Security and Medicare trustees report released Friday warns. ...
Biden says he's focused 'intensely' on lowering drug costs
LAS VEGAS (AP) — President Joe Biden on Wednesday said his administration was focused “intensely” on lowering health care costs and took aim at “MAGA” Republicans who he said are intent on dialing back Medicare coverage for millions of Americans. Biden used a speech in Las...
When will Medicare cover medical marijuana?
Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug. One in five Medicare recipients currently...
Here's what Biden's budget would mean — if it had a chance
WASHINGTON (AP) — With Republicans in control of the House, there's no chance that President Joe Biden's new budget plan will become law as it stands. Instead, the financial blueprint that he announced Thursday in Philadelphia will serve as a political talking point for a president preparing to...
Joe Biden plans new taxes on the rich to help save Medicare
WASHINGTON (AP) — President Joe Biden on Tuesday proposed new taxes on the rich to help fund Medicare, saying the plan would help to extend the insurance program's solvency by 25 years and provide a degree of middle-class stability to millions of older adults. In his plan, Biden is...
Insurer Humana lays out employer-sponsored coverage exit
The health insurer Humana will stop providing employer-sponsored commercial coverage as it focuses on bigger parts of its business, like Medicare Advantage. The insurer said Thursday it will leave the business over the next 18 to 24 months. It includes medical coverage provided...
Social Security and Medicare: Troubling math, tough politics
WASHINGTON (AP) — It seems no one wants to cut Social Security or Medicare benefits. Not President Joe Biden, who is already telling voters his upcoming federal budget proposal will “defend and strengthen” the programs. Not Republican House Speaker Kevin McCarthy, who has...
What’s new for Medicare in 2023?
A new year means changes to Medicare, including updated premiums and deductibles and sometimes big policy moves. In 2023, there’s a little of everything: Some costs have gone down, others have increased, and there are some notable tweaks to how Medicare works. Understanding...
Feds expect to collect $4.7B in insurance fraud penalties
WASHINGTON (AP) — The Biden administration estimated Monday that it could collect as much as $4.7 billion from insurance companies with newer and tougher penalties for submitting improper charges on the taxpayers' tab for Medicare Advantage care. Federal watchdogs have been...
Doctor gets nearly 17 years in prison for vast opioid scheme
DETROIT (AP) — A Detroit-area doctor was sentenced Monday to nearly 17 years in prison and ordered to pay $30 million for leading a scheme to bill Medicare and private insurers for unnecessary painkiller injections and write prescriptions for millions of opioids. Frank Patino's...
