Medicare

2014 Medicare Trustees Report Urges Responsible Solutions

Posted on 07/28/2014 by |AARP Executive Vice President | Comments

PoliticsThe Medicare Trustees report today reminds us of the financial challenges facing Medicare, along with the overall high cost of health care. With 64 million Americans expected to be enrolled in Medicare by 2020, we must do more to reduce wasteful spending throughout our health care system. For starters, we can reduce costs and find significant savings in Medicare and throughout the health care system with responsible solutions rather than harmful cuts. By improving care coordination, utilizing technology more efficiently, …

This Week in Boomer History: Lenny Bruce … Gulf of Tonkin … Medicare

Posted on 07/27/2014 by |News, Culture, Sights and Sounds | Comments

PoliticsNoteworthy events from our shared experience Comedian Lenny Bruce is found dead at his Los Angeles home Aug. 3, 1966. His anything-goes social satire led to multiple obscenity prosecutions while paving the way for today’s stand-up performers. On Aug. 1, 1981, MTV begins broadcasting in the United States. Its first video? “Video Killed the Radio Star” by the Buggles. President Lyndon B. Johnson signs Medicare and Medicaid into law on July 30, 1965, at the Truman Presidential Library in Independence, Mo., a nod …

How Medicare Might End Surprise Nursing Care Penalties

Posted on 07/22/2014 by |Health | Comments

Bulletin Today | Personal HealthBy Susan Jaffe for Kaiser Health News Medicare officials have allowed patients at dozens of hospitals participating in pilot projects across the country to be exempted from the controversial requirement that limits nursing home coverage to seniors admitted to a hospital for at least three days. The idea behind these experiments is to find out whether new payment arrangements with the hospitals and other health care providers that drop the three-day rule can reduce costs or keep them the same …

‘Staggering’ Amounts of Federal Funds Improperly Distributed

Posted on 07/10/2014 by |General News | Comments

Bulletin TodayBy Stephen Ohlemacher, Associated Press WASHINGTON (AP) — Tax credits for families that don’t qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. Federal agencies reported making $100 billion in payments last year to people who may not have been entitled to receive them. Congressional investigators say the figure could be even higher. “The amounts here are absolutely staggering,” said Rep. John Mica, R-Fla. “It’s over $100 billion each of the last …

6 Political Truths About 50+ Americans

Posted on 06/12/2014 by |In Other News . . . | Comments

Bulletin Today | PoliticsAmericans are more divided along ideological lines — and animosity between Democrats and Republicans is deeper and more extensive — than at any time in the past 20 years, a new report from the Pew Research Center shows. As part of a yearlong study of political polarization in the United States, Pew conducted the largest political survey in its history, polling more than 10,000 adults from Jan. 23 to March 16. It’s a mother lode of age-segmented data on the political attitudes …

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

Posted on 06/12/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & Savings | WorkAre 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 …