Tag: Medicare

Labor Pledges $440 Million for School Upgrades, Federation Reform, Better Medicare

Australian Opposition Leader Anthony Albanese has pledged $440 million (US$316 million) to upgrade school facilities and improve student welfare if elected as prime minister. In a pre-election speech to the National Press Club in Canberra on Jan 25., Albanese said the fund would provide upgrades to ventilation and create outdoor learning areas to make schools safer…


UnitedHealth Says Omicron-Driven Cost Impact Cushioned by Healthcare Deferrals

UnitedHealth Group Inc. on Wednesday said added costs of testing and treatment related to the recent increase in COVID-19 cases are being offset by postponements of non-urgent health care procedures, and the health insurer maintained its 2022 profit forecast. The comments should help allay investor concerns that the rise in COVID-19 infections and hospitalizations driven…


Biden Administration Decides to Limit Medicare Coverage of New Alzheimer’s Drug

Medicare will only cover a new Alzheimer’s drug that costs $28,000 a year for patients who are enrolled in clinical trials, President Joe Biden’s administration announced preliminarily Tuesday. Aduhelm, made by Biogen, was approved by drug regulators last year. Since then, the Centers for Medicare & Medicaid Services (CMS) has been assessing whether to cover…


CMS May Review Medicare Premium In Light of Aduhelm Price Drop

President Joe Biden’s administration is considering a reassessment of Medicare Part B premiums after the drugmaker behind a new Alzheimer’s drug cut its price. The administration announced in November 2021 that the monthly premium would rise by nearly $22 and attributed the rise in part to the potential use of Aduhelm, an Alzheimer’s drug from…


Federal Involvement in Health Care Drives Treatment Choices

Around the United States, in numerous cases, hospitalized COVID-19 patients have asked for Ivermectin but were denied the drug, and then sought a court order forcing the hospital to provide the requested medication. Ivermectin, which has been used safely in humans since 1985, has shown promise in treating the virus, especially when taken early. Although…


Supreme Court Hears Dispute Over Medicare Payment Formula for Safety-Net Hospitals

The Supreme Court seemed to give a cool reception to the Biden administration during oral arguments this morning in a case in which a health care system was seeking higher government reimbursements for treating low-income patients. The case, Becerra v. Empire Health Foundation, is court file 20-1312. Xavier Becerra is U.S. secretary of health and…


Biden Administration Hikes Medicare Premiums, Blames Drug Costs and Pandemic

President Joe Biden’s administration on Friday announced it is raising Medicare premiums, a move it blamed in part on the cost of drugs. The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 next year, the Centers for Medicare & Medicaid Services said. “The increase in the Part B premium for 2022…


Biden Administration Boosts Medicare Premiums, Blames Drug Costs and Pandemic

The Biden administration announced on Nov. 12 that it’s raising Medicare premiums, a move that it blamed in part on the cost of drugs. The Medicare Part B standard monthly premium will rise by nearly $22 to $170.10 in 2022, according to the Centers for Medicare & Medicaid Services (CMS). “The increase in the Part B…


Just Two Votes Separate Candidates in Crucial Florida Democratic Congressional Primary

Sheila Cherfilus-McCormick is just two votes ahead of Dale Holness in the razor-thin special Democratic primary race for Florida’s 20th Congressional District after a day of recounting. As of Nov. 9, Cherfilus-McCormick is leading the way with 11,659 votes, or 23.76 percent while Holness has 11,657 votes, or 23.75 percent, as per Florida Election Watch. Election officials in Broward counties…


Americans Spending on Top 20 Drugs Nearly Doubles the Rest of the World Combined

The United States outspent every other country in the world combined when it came to the top-selling 20 pharmaceutical drugs, according to a recent analysis of company financial filings by Public Citizen. Americans spent a total of $101.1 billion, while the rest of the world spent $56.8 billion, on the top 20 drugs. The key…