BROOKLYN (CN) – A 22,000-member physicians’ group sued United Healthcare Insurance, claiming the money-grubbing, multibillion-dollar insurance company is illegally terminating them from its Medicare network on Jan. 1 to cut its losses from reduced federal payments under the Affordable Care… Read More ›
Medicare
House subcommittee: Obamacare’s $300 billion Medicare Advantage raid will hurt seniors next year
Posted By Patrick Howley On 10:38 PM 12/04/2013 In | Obamacare “raided” $300 billion for Medicare Advantage and seniors will begin feeling the cuts next year, according to an analysis Tuesday by the House Energy and Commerce Health Subcommittee…. Read More ›
‘Death doctor’ accused of misdiagnosing cancer patients to scam millions out of Medicare a ‘serious risk’ to flee the country
Dr. Farid Fata will remain behind bars until trial after $9m bond revoked The oncologist ‘systematically defrauded Medicare by submitting false claims for services that were medically unnecessary,’ authorities say Woman claims her mother died of kidney failure after too… Read More ›
And you thought $16.7trillion was bad… Leading economist says U.S. national debt is actually $86.8TRILLION
By David Martosko In Washington PUBLISHED: 15:27 EST, 29 July 2013 | UPDATED: 15:56 EST, 29 July 2013 The U.S. government’s books are in the red by more than $86.8trillion, according to an influential University of California San Diego… Read More ›
Thyroid cancer — rising most rapidly among insured patients
Contact: Donna Dubuc Donna.M.Dubuc@Dartmouth.edu 603-653-3615 Dartmouth-Hitchcock Medical Center Study points to over diagnosis as the factor (Lebanon, NH, 6/26/13) —The rapid increase in papillary thyroid cancer in the US, may not be linked to increase in occurrence, according to a… Read More ›
Feds Accuse Novartis of Kickback Drug Scheme
MANHATTAN (CN) – Novartis Pharmaceuticals cost Medicare and Medicaid tens of millions of dollars by paying kickbacks to pharmacies to switch transplant patients to one of its drugs instead of cheaper generics, federal prosecutors say. The United… Read More ›
US hospitals make more money when surgery goes wrong
17 Apr 2013 WASHINGTON (AFP) US hospitals face a disincentive to improve care because they make drastically more money when surgery goes wrong than when a patient is discharged with no complications, a study published Tuesday found. “We found clear evidence that… Read More ›
$11.4 Million for Drug Kickbacks : Naproxen, Xodol, Fexmid, Dolgic
SAN DIEGO (CN) – San Diego-based Victory Pharma will pay $11.4 million in civil and criminal fines for paying kickbacks to doctors who prescribed its drugs, federal prosecutors said. Victory entered a deferred-prosecution agreement, agreed to pay… Read More ›
Health-care costs at end of life exceed total assets for 25 percent of Medicare population: does not cover co-payments, deductibles, homecare services, or non-rehabilitative nursing home care
Contact: Jeanne Bernard Jeanne.Bernard@mountsinai.org 212-241-9200 The Mount Sinai Hospital / Mount Sinai School of Medicine As many as a quarter of Medicare recipients spend more than the total value of their assets on out-of-pocket health care expenses during the last… Read More ›
Healthcare costs hit the elderly hard, diminish financial well being
New York, 4 September 2012 Study finds out-of-pocket spending on healthcare in old age puts significant strain on finances The protection of the savings of the elderly—one of the primary goals of Medicare—is under threat from a combination of spiraling… Read More ›
Engineering Evil 