Tag: Medicare

American 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…


Teachers Unions Function Like Cartels With Institutional Corruption: Bob Bowden

As students are starting to return to school in the wake of the pandemic, teacher unions have played a big part in the return to normalcy. But some teacher unions have politicized the return and used their positions to push for policies in support of issues like critical race theory, defunding the police, and Medicare…


There Goes Grandma Over the Cliff

Commentary Democrats have made a living in recent times with political attack ads fallaciously accusing Republicans of secret plans to destroy Medicare and Social Security. In one famous TV ad, then-House Speaker Paul Ryan was depicted as shoving an elderly woman in a wheelchair off a cliff. Well, Republicans may want to reprise that ad—and…


Pittsburgh Doctor Accused of Performing Multiple Surgeries at Once

The University of Pittsburgh Medical Center (UPMC), University of Pittsburgh Physicians, and Dr. James Luketich, are facing accusations of health care fraud under the False Claims Act in the U.S. District Court of the Western District of Pennsylvania. The United States filed a complaint, based on a two-year investigation into allegations originally brought by a…


Accounting Critic Says Biggest Problem Facing Social Security, Medicare Are Trillions in Unfunded Debts

Social Security and Medicare trust funds are in dire financial condition due to rising benefit costs, but the biggest problem facing the two largest federal entitlement programs is how they are funded, according to a non-profit that advocates greater government transparency and accountability. “Our bottom line is the trust funds are all a shell game,…


Accounting Critic Says Biggest Problem Facing Social Security, Medicare Is Trillions in Unfunded Debts

Social Security and Medicare trust funds are in dire financial condition due to rising benefit costs, but the biggest problem facing the two largest federal entitlement programs is how they’re funded, according to a nonprofit that advocates greater government transparency and accountability. “Our bottom line is the trust funds are all a shell game, there…


Officials Agree Social Security, Medicare Are in Deep Trouble, but Solutions Mean Tough Choices

Social Security will be unable to pay full benefits a year earlier than previously projected, while Medicare’s insolvency date remains just five years away, according to the latest trustee reports. But nobody in the nation’s capital is stepping up with proposals to fix the two largest federal entitlement programs. Between them, Social Security and Medicare…


CCP Virus Impact on Health Care Shakes Up Medicare Trustees’ Projections for 2021 Report

Projecting the future of the biggest federal healthcare program became much more difficult because of the impact on treatment patterns by the CCP virus, according to the 2021 Annual Report of the Boards of Trustees of the Federal Hospital Insurance (HI) Trust Fund and the Federal Supplementary Medical Insurance (SMI)Trust Fund. The 273-page report was…


Biden Urges Congress To Let Medicare Negotiate Cost Of Prescription Drugs

President Joe Biden on Thursday detailed his administration’s plans to lower the cost of prescription drugs while calling on Congress to help tackle the issue by reducing high prices of life-saving medication. Speaking from the East Room of the White House, Biden said he aims to help lower prescription drug costs nationwide as part of the…


Biden Urges Congress to Let Medicare Negotiate Cost of Prescription Drugs in Efforts to Reduce High Prices

President Joe Biden on Thursday detailed his administration’s plans to lower the cost of prescription drugs while calling on Congress to help tackle the issue by reducing high prices of life-saving medication. Speaking from the East Room of the White House, Biden said he aims to help lower prescription drug costs nationwide as part of the…