Copyright

(c) 2016 Jon L Gelman, All Rights Reserved.

Thursday, February 5, 2015

Budget Changes To Medicare, HHS Programs Would Garner $399 Billion In 10 Years

The Obama Administration is making a concerted effort to lower medical costs through budgetary restrictions. It is unknown whether this is really meant to merely reduce service or establish greater efficiency. The CMS program is the model for the majority workers' compensation medical cost schedules. Today's post was shared by Kaiser Health News and comes from kaiserhealthnews.org


Official photographic portrait of US President...
President Barack Obama
(Photo credit: Wikipedia)
President Barack Obama's budget request includes proposals that would increase spending for some Medicare beneficiaries, including co-payments for new Medicare beneficiaries who receive home health care services and a surcharge on premiums for new beneficiaries who buy private insurance to supplement Medicare. The budget also calls on the federal government to use its buying power to negotiate drug prices.

The New York Times: Budget Plan Sees Savings In Changes To Medicare
In his new budget, President Obama proposed on Monday to squeeze $399 billion over the next 10 years out of Medicare, Medicaid and other programs run by the Department of Health and Human Services. Under the proposals, many Medicare beneficiaries would have to pay more for their care and coverage. The president would, for example, introduce a co-payment for new Medicare beneficiaries who receive home health care services, and he would collect $4 billion over 10 years by imposing a surcharge on premiums for new beneficiaries who buy generous private insurance to supplement Medicare. (Pear, 2/2)

The Wall Street Journal: Obama Health Budget Calls For Authority To Negotiate Drug Prices
The Obama administration’s fiscal 2016 budget request calls for allowing the government to negotiate the price of prescription drugs and giving regulators new funding to fight Ebola. The Department of Health and Human Services request proposes a budget authority of about $1.09 trillion for fiscal 2016, up from $1.04...

[Click here to see the rest of this post]


….

Jon L. Gelman of Wayne NJ is the author of NJ Workers’ Compensation Law (West-Thompson-Reuters) and co-author of the national treatise, Modern Workers’ Compensation Law (West-Thompson-Reuters). For over 4 decades the Law Offices of Jon L Gelman  1.973.696.7900  jon@gelmans.com  have been representing injured workers and their families who have suffered occupational accidents and illnesses.