With the Thanksgiving turkey eaten and Black Friday’s discount-hunting madness behind them, consumers have started to use the final two weeks left for open Medicare enrollment to do their last minute insurance shopping. Senior citizens are now starting to run out of time for choosing a new Medicare prescription drug or Advantage plan if they want to alter their current coverage. The deadline for Medicare’s open enrollment has been moved to December 7 from its traditional December 31 as a result of the 2010 federal healthcare laws. The reason for…
Read MoreTag: www.medicare.com
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