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The Latest Breaking News from Medicare

Arrington sets House budget resolution markup next week - Roll Call

The House Budget panel plans to mark up a fiscal 2024 budget resolution Sept. 20, ending months of skepticism about whether it would happen.

Roll Call

Income too high for Medicaid? ‘Spend down’ to qualify

Making more than the maximum income level for Medicaid isn’t necessarily a deal breaker

The Independent UK

Navigating taxes in your golden years

Taxpayers over 65 may be eligible for certain benefits, including a higher income threshold, a higher standard deduction and some income exempt from tax.

The Street

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What to know before you buy a Medigap policy

Learn how this supplemental plan may lower some of your out-of-pocket health costs.

Fortune

3 Medical Stocks to Add to Your September Watchlist

The medical industry is growing as demand for healthcare products and services rises amid the growing incidence of chronic diseases and an aging population. Therefore, I think medical stocks HealthEquity (HQY), Clover Health Investments (CLOV), and Oscar Health (OSCR) might be worth adding to one’s watchlist. Read on.

StockNews.com

Divorce after 60: What happens to your health benefits?

Research shows that more than 1 in 3 people who divorce in the U.S. are age 50 or older, and 1 in 4 are 65 or older

The Independent UK

Medicare pandemic advances deepen debt for some hospitals - Roll Call

Congress poured billions into hospitals through advances on Medicare claims, but now some medical providers are struggling to pay it back.

Roll Call

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TissuPath hack: patient data possibly exposed in cyber-attack on Melbourne pathology clinic

Company says it is investigating the potential exposure of referral letters, patient names, contact details and Medicare numbers

The Guardian - AU

About the new drug pricing negotiations

The first eligible drugs treat diabetes, blood clots, blood cancers, arthritis and heart disease

Salon

Understaffed nursing homes are a huge problem, and Biden's promised fix 'sabotaged'

A study commissioned by the government to recommend minimum staffing levels at nursing homes drew no conclusions. And that means Biden's pledge to set those minimums may come to far less than hoped.

WEKU

Bulk-billed healthcare facility to take pressure off Cessnock Hospital

The facility will be operational this month.

Newcastle Herald

The High Costs of Biden's Price-Controlled Drugs

Americans will be sicker and deader in the long run than they otherwise would have been.

Reason

5 things consumers need to know about Medicare’s new drug-pricing negotiations, how they’ll affect you

This could help people whose Medicare drug plans require big copayments. But the main relief will come from part of the Inflation Reduction Act that caps drug spending by Medicare recipients at $2,000 a year starting in 2025.

Chicago Sun-Times

Medicare Savings Programs can help cover your out-of-pocket costs. Here’s who qualifies

Medicare Savings Programs can help cover some costs for those on fixed incomes.

Fortune

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The Conversation

Medicare starts a long road to cutting prices for drugs, starting with 10 costing it $50.5 billion annually – a health policy analyst explains why negotiations are promising but will take years

The Biden administration released on Aug. 29, 2023, a list of the first 10 drugs that will be up for negotiations with pharmaceutical companies over their Medicare prices.

The Conversation

We need a new way to pay for aged care. But it can't shut out those on low incomes

Aged-care funding is again on the agenda, with the latest Intergenerational Report predicting Australia’s aged population will triple over the next 40 years. As a community, we will need to spend more on aged care than we do today, with aged-care spending expected to more than double its share of…

Kiplinger

Medicare Lists First 10 Drugs for Talks On Lowering Your Costs

New prices for Medicare Part D drugs on list expected in 2026.

The Conversation

Too many young people who've been in detention die prematurely. They deserve better

Young people in contact with the criminal justice system – be it under community-based orders or in youth detention – are among the most marginalised in our society. And the health and health-care disadvantage faced by these young people may be evident for years.

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The Independent UK

Biden touts Medicare negotiating drug prices: ‘Today is the start of a new deal for patients’

Announcement comes as Medicare names the drugs it will begin negotiations for prices

The Independent UK

Here are the drugs Biden is targeting first for Medicare price-lowering talks

A pharmaceuticals lobbying group is criticizing the list of drugs President Joe Biden says he’s targeting for price negotiations to cut Medicare costs

The Independent UK

Watch live: US president Joe Biden delivers speech on lowering health care costs

US President Joe Biden will deliver a speech on lowering healthcare expenses for patients at an event at the White House.

The Independent UK

What Biden’s announcement of Medicare negotiating drug prices means

Democrats have long wanted to allow Medicare to negotiate drug prices, which it hopes will lead to lower prescription costs

The Guardian - US

Biden names 10 drugs for first negotiations to cut Medicare prices

Government claims prices could fall for 9m seniors but pharma companies claim cost-reduction program is unconstitutional

The Independent UK

See which drugs Biden is targeting first for Medicare price-lowering talks

A pharmaceuticals lobbying group is criticizing the list of drugs President Joe Biden says he’s targeting for price negotiations to cut Medicare costs

Fortune

Biden targets diabetes drug Jardiance, blood thinner Eliquis, and 8 others for controversial Medicare price talks. But any relief is still years away

The move is expected to cut costs in a few years for some patients but faces litigation from the drugmakers and heavy criticism from Republican lawmakers.

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