Answers you should know to the FAQ’s about Medicare

Though it may feel overwhelming when you are faced with the most common questions to Medicare and Medicare Supplement Insurance, in truth, it doesn’t take hours of research to know what options are available to you. The most commonly asked question is regarding the difference between Medicare Advantage (MA) Plans, and the Original Medicare. The fact is that there are a number of important differences between them. The original plan is government Medicare, whereas MA is private Medicare. The two plans involve comparable out-of-pocket expenses. An MA plan is essentially…

Read More

Insurance Dialogue launched new website to help people obtain coverage from Medicare

Insurance Dialogue, a company serving as a liaison between consumers and insurers, has launched a new initiative to boost enrollment in the federal Medicare program. The company has developed a website that aims to help consumers find the Medicare plans that are best suited to their needs. The website, RightMedicare.com, is part of an overarching endeavor to raise awareness of health insurance amongst those that may need it most. Many of these people may not be aware that they are eligible to receive coverage through the program, especially as health…

Read More

Standard & Poor’s reports cost of Medicare increasing at its slowest rate in over half a decade

According to data recently released by Standard & Poor’s, over the last year, the revenue increase for hospitals resulting from Medicare patients was about one third over what had been seen from patients who are covered by some form of private health insurance. The S&P Healthcare Economic Index showed that the revenue from Medicare increased by 2.5 percent per hospital patient before June 2011, which is the slowest increase since January 2005, when S&P’s first started to monitor this income. That said, the revenue generated from patients who were covered…

Read More

Medicare regulations may be causing shortage of cancer drugs

A month’s long shortage of cancer drugs may be the result of Medicare regulations. For several years, Medicare has provided coverage for cancer patients, allowing them to obtain treatments that they would otherwise have no access to. While Medicare offers this coverage, however, the number of cancer fighting drugs has been falling steadily. The phenomenon may be the result of a regulation within the Medicare system that dictates that doctors must purchase cancer drugs, not patients. Traditionally, patients have been responsible for purchasing their own medications as prescribed to them…

Read More

Insurers profit from medicare funds

Private insurance plans tailored to accommodate Medicare recipients are making massive profits by using advance government payouts. The Medicare program regularly sends money in advance, much of which has no immediate need, and insurers are using the funds to secure investments, according to an investigation report by the Department of Health and Human Services. Those in the  financial world are familar with this practice called, “playing the float”. The HHS inspector general estimated that private Medicare plans obtained some $380 million from these investments with money used from the government advances. These…

Read More