Retiring Early? Pony Up $51,000 Extra for Health Care, Fidelity Says

Are you and your spouse thinking about retiring early? Doing so can cost you, as a couple, an extra $17,000 a year in medical costs, according to a Fidelity Investments analysis. The Boston-based investment company compared the projected average health care costs of couples retiring this year at age 65 with those of couples retiring as early as age 62 and as late as 67. It assumed they would have Medicare coverage at 65, although the analysis doesn’t include costs for nursing home and …

Just How Strong Did Healthcare.gov Finish?

By Phil Galewitz, Senior Correspondent, Kaiser Health News Obama administration officials predict that health insurance premiums will be stable next year despite concerns that not enough young and healthy people signed up through the online insurance exchanges. “The risk pool is fundamentally large and varied to support that kind of pricing … in every state,” said Mike Hash, the director of the Health and Human Services Department’s office of health reform. “We believe … premiums will be stable.” The upbeat …

Medicare Database Reveals Top-Paid Doctors

By Ricardo Alonso-Zaldivar and Serdar Tumgoren, Associated Press WASHINGTON (AP) – Medicare paid a tiny group of doctors $3 million or more apiece in 2012. One got nearly $21 million. Those are among the findings of an Associated Press analysis of physician data released Wednesday by the Obama administration, part of a move to open the books on health care financing. Topping Medicare’s list was Florida ophthalmologist Salomon Melgen, whose relationship with Sen. Robert Menendez (D-N.J.), made headlines last year …

Government Hikes Payment Estimate for Medicare Advantage Plans

By Tom Murphy, AP Business Writer The government has raised its payment estimate for Medicare Advantage plans months ahead of a busy election season during which cuts to the program promise to be a key focus for politicians and voters. The Centers for Medicare and Medicaid Services said Monday that 2015 payments to the plans should increase less than 1 percent overall. That compares to a drop of nearly 2 percent that the government forecast in February. Analysts expect actual …

Health Care Law Helps Add 3 Million to Medicaid

By Erica Werner, Associated Press WASHINGTON (AP) – Three million Americans signed up for Medicaid under President Barack Obama’s new health care law as of the end of February, the administration announced on April 4, offering its first full accounting of how much the safety net health program has grown since implementation of the law. Many were newly eligible because of the law’s Medicaid expansion, while others already eligible but not yet enrolled came forward because of publicity around the …

Health Law Sign-Ups on Track to Hit 7 Million

By Josh Lederman and Ricardo Zaldivar, Associated Press WASHINGTON (AP) – Beating expectations, President Barack Obama’s health care overhaul was on track to sign up more than 7 million Americans for health insurance on deadline day, Monday, government officials told the Associated Press. The 7 million target, thought to be out of reach by most experts, was in sight on a day that saw surging consumer interest as well as vexing computer glitches that slowed sign-ups on the HealthCare.gov website. …