Medicare

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Congress Strikes Payroll Tax Deal

Pension, health care issues final sticking points

(Newser) - Congressional negotiators have reached a deal on a $150 billion economic bill that will extend the payroll tax holiday through the end of the year, while also extending unemployment benefits and preventing an automatic cut in doctors' Medicare reimbursements. Congress could vote on the bill as soon as today, the...

Millions Siphoned From Medicaid by Fake Firms
Dummy Firms Squeeze Millions From Medicare
INVESTIGATION
Dec 22, 2011 4:42 AM CST

Dummy Firms Squeeze Millions From Medicare

Fraud-fighters finding it hard to stay ahead of shell companies

(Newser) - Fraudsters using complicated networks of ghost companies are sucking hundreds of millions of dollars out of Medicare every year and it's a bit like taking candy from a baby, a Reuters investigation finds. The probe—which officials say will likely lead to a criminal investigation of the firms involved—...

PolitiFact Reveals Its 'Lie of the Year'

GOP didn't try to 'end Medicare,' says site; left-leaning bloggers disagree

(Newser) - The biggest lie coming out of Washington this year was Democrats' assertion that "Republicans voted to end Medicare," PolitiFact says. Paul Ryan's proposal wouldn't have changed anything for people already 55 and older, and it would only have altered—not ended—Medicare for others, says the...

House Speaker John Boehner Set on Keystone XL Pipeline Measure
Pipeline May End Up in
Final Tax Deal
Dec 16, 2011 12:30 PM CST

Pipeline May End Up in Final Tax Deal

Republicans adamant about keeping Keystone in play

(Newser) - Republican lawmakers are determined to push through a measure speeding a White House decision on the Keystone XL pipeline—and they're ready to link it to the payroll tax cut extension. If the Senate sends the House legislation that extends the tax break, as well as jobless benefits and...

New Ryan Plan Would Keep Medicare

He'll offer new strategy with Democrat Ron Wyden

(Newser) - Paul Ryan looks to be backing off his controversial plan to scrap Medicare entirely—the one Newt Gingrich famously derided as "right-wing social engineering," reports the Hill . Instead, the GOP congressman and Democratic Sen. Ron Wyden will unveil a new strategy tomorrow that would allow the program to...

On Way Out, Medicare Boss Bashes 'Extreme' Waste

Donald Berwick says 20-30% of health care spending helps no one

(Newser) - Between 20% and 30% of all US health care spending is pure “waste,” according to departing Medicare and Medicaid chief Donald Berwick. “Much is done that does not help patients at all, and many physicians know it,” Berwick said in an interview with the New York ...

Obama Announcing $1B Health Care Jobs Plan
Obama's Next Hiring Move:
$1B Health-Care Jobs Plan
'we can't wait' campaign
Nov 14, 2011 7:56 AM CST

Obama's Next Hiring Move: $1B Health-Care Jobs Plan

Plan to push innovation, reducing costs, as Congress deadlocked

(Newser) - With a deadlocked Congress still unable to launch any sort of jobs plan , the White House will announce today a $1 billion project for training and hiring health care workers, the latest in President Obama's "We Can't Wait" campaign, reports the Washington Post . The health care jobs...

Romney's Health Plan: The New 'Public Option'

Mitt's approach to Medicare looks a lot like Dems' original proposition: Ezra Klein

(Newser) - He wouldn’t put it this way, but Mitt Romney’s newly unveiled health care plan effectively offers the public option Republicans so opposed in 2009. Romney proposes providing seniors an as-yet-undetermined lump sum to pay either for Medicare or one of many private health plans. This could take his...

Super Committee Dems Propose $3T Debt Deal

It includes big slashes to Medicare

(Newser) - Democrats threw a whopper of a deal onto the table in a closed-door super committee meeting yesterday, offering a plan that would slash between $2.5 trillion and $3 trillion from the deficit over the next 10 years, while providing between $200 billion and $300 billion in new stimulus spending,...

Elderly Stunningly Likely to Have Surgery in Final Year

Doctors question if we're operating on the old too often

(Newser) - Elderly patients are stunningly likely to have surgery in the last year, month, or even week of their lives, according to a new study from Harvard researchers, who looked at 1.8 million Medicare recipients over the age of 65 who died in 2008. According to publicly available records, nearly...

Obama Plan Preview: $3T Savings, $1.5T Tax Boost

'Washington Post' bares early details of president's plan

(Newser) - Details of President Obama's new debt-reduction plan to be unveiled this morning are emerging—and it's not a pretty sight for the rich. The president will likely outline a plan to cut the federal debt by $3 trillion over the next decade, with half of that coming from...

Feds Nab 91 in $295M Medicare Fraud Sting

Accused 'treated' dead people, ran Florida housing scheme

(Newser) - The Obama administration notched yet another win for its Medicare fraud team yesterday, as the Justice Department announced the arrests of 91 fraudsters from across the country, accused of bilking Uncle Sam for a combined $295 million. “The defendants allegedly treated the Medicare program like a personal piggy bank,...

Perry Calls Social Security a 'Ponzi Scheme'—Again

But, he insists, he has never said it's unconstitutional

(Newser) - Though Rick Perry’s aides have been disavowing some of the views expressed in his nine-month-old book Fed Up!, the presidential candidate himself doesn’t seem to be doing the same. In Iowa on Saturday, Perry reiterated the opinion stated in his book that Social Security “is a Ponzi...

Medicare Cuts Can Actually Help Patients

The trouble is, Washington won't make the right cuts: opinion

(Newser) - There’s no way around it: Medicare will be cut. But that doesn’t have to be a bad thing for patients, write experts and former White House advisers Ezekiel J. Emanuel and Jeffrey B. Liebman in the New York Times . “Smart cuts eliminate spending on medical tests, treatments,...

All Eyes Turn to Deficit Panel, Herculean $1.5T Task

Committee must come up with $1.5T in cuts

(Newser) - The debt deal has been signed, but the work is far from over: Now a special committee must figure out how to cut $1.5 trillion more from the deficit. The bipartisan panel, which will be composed of six Democrats and six Republicans, was created by the measure after President...

$2.4T Debt Deal Taking Shape?
 $2.4T Debt Deal Taking Shape? 
Jul 31, 2011 6:18 AM CDT

$2.4T Debt Deal Taking Shape?

Proposal would match debt ceiling relief to debt reduction

(Newser) - After weeks of posturing and pleading, with threat of a default just days away, news of a possible debt ceiling deal is dribbling out of Washington, first reported by ABC 's Jonathan Karl. The deal would raise the ceiling by $2.4 trillion in two phases, enough to last...

US Health Care Tab to Hit $4.6T in 2020

Innovation, aging society main causes of soaring costs

(Newser) - Doom, meet gloom: The nation's health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out today. How much does that work out to per person? Including government and...

Obama, Boehner Near 'Grand Bargain'—Maybe

Reports cite $3T deal with tax reform, entitlement changes

(Newser) - President Obama and John Boehner are reportedly back at the bargaining table, and they could be near a deal to cut the deficit and raise the debt ceiling. The rumored $3 trillion agreement between the administration and top Republicans could include entitlement changes and set plans for tax reform, reports...

Obama, Democrats Offer to Slash Medicare in Exchange for Tax Raises
 Obama Offers 
 Medicare Cuts 
Jul 5, 2011 5:50 AM CDT

Obama Offers Medicare Cuts

As long as GOP is ready to raise taxes

(Newser) - Medicare and Medicaid are on the table and President Obama has told Republican lawmakers he's ready to start cutting tens of billions of dollars from the programs to reduce the federal deficit—as long as Republicans are prepared to accept tax raises in return. "We are very willing...

CBO: Debt Explosion Coming
 CBO: Debt Explosion Coming 
Jun 23, 2011 6:45 AM CDT

CBO: Debt Explosion Coming

Ending Bush tax cuts could eliminate deficit, CBO says

(Newser) - Ballooning entitlements threaten to push the national debt bigger than the entire US economy by 2021, and twice that size within 25 years, according to a pessimistic Congressional Budget Office report. “The health care programs are the main drivers of that growth,” wrote the CBO. But with Democrats...

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