Doctors’ Profit Spurs More Men to Get Prostate Radiation

A government investigation reveals that doctors who have a financial interest in a radiation center are more likely to prescribe such treatment for older men with prostate cancer, possibly leading to unneeded procedures, negative side effects and a bloated medical bill. The New York Times reports that investigators from the Government Accountability Office (GAO) said Medicare beneficiaries were often unaware that their doctor stood to profit from prescribing radiation therapy. Alternative treatments might be equally effective, especially for older men, …

A Timely, Smooth Launch for the Health Care Law? The Jury’s Out

Will everything be ready to launch President Obama’s health care law by the Oct. 1 deadline? We’re getting mixed signals. Start with a report released June 19 by the Government Accountability Office, the first in-depth look at the sprawling system. The upside: “Much progress has been made in establishing the regulatory framework and guidance required for this undertaking, and [the administration] is currently taking steps to implement key activities of the [online insurance marketplaces],” the report said. (Read the full …

Changing Jobs? Beware of Bad Information About 401(k) Options

About to change jobs? If you have a 401(k) account, you’re at risk of getting bad information when you ask the company managing your retirement plan about your options. Turns out that, in some cases, the people who give advice over the phone push departing workers toward rolling over their 401(k)s into a privately owned individual retirement account (IRA) that the investment company sells. What these plan providers also don’t disclose to workers are the fees associated with that move or other …

Boomer Women Face Greater Financial Challenges In Retirement

Many older women believe they face a greater threat of financial hardship in retirement than men, and that concern may not be off the mark. An AARP study, based on interviews with 4,000 people ages 50 to 64, found that women consistently reported more consternation than men about their current financial state and future outlook. Of course, the deep recession didn’t make anyone feel flush with confidence. But women were clearly more worried. “Women feel less secure because they are,” says report …