It's an established fact that Social Security will be kaput by the time we need it, right? Things may not be as bad as many of us have led ourselves to believe.
Well, here we go again. Less than three months after President Obama and Congress narrowly avoided walking off a fiscal cliff, we're bracing for Round 2. Only this time, we're all a bit worse for wear.
After more than a year on the campaign trail, it all comes down to Tuesday. Elections across the country, topped by the battle for the presidency, will take place. The results could set in motion the framework for new regulatory and reimbursement processes for long-term care and other providers. Or they could further reforms already begun. Dozens of key U.S. congressional races also will be of interest to providers. Beyond the typical local implications, elected members of Congress will be able to dictate the direction of any national agenda for healthcare and funding reform.
The Affordable Care Act's controversial Medicare payment board would be an "agent for reimbursement cuts to Medicare," according to a policy paper released Wednesday.
The Congressional Budget Office is still assessing the impact of the Supreme Court's Affordable Care Act decision on the federal deficit and won't have an estimate until the end of July. That figure, when it's calculated, could either help or hurt Congressional Republicans' efforts to repeal the law.
The governors of 15 Republican-leaning states have signaled that they will not participate in the Affordable Care Act's Medicaid expansion, a new analysis finds.
If the federal debt continues to grow at current rates, it is on track to be almost twice the size of the U.S. economy by 2037, driven largely by entitlement spending on baby boomers, a new analysis projects.
The Affordable Care Act will help Medicare save over $200 billion through 2016, according to government actuaries. But questions as to Medicare's long-term solvency remain, another report from Social Security and Medicare Boards of Trustees states.
An analysis of President Obama's proposed fiscal 2013 budget found it would lower government spending on Medicare by $276 billion and Medicaid by $66 billion over 10 years.
House Republicans plan to tie the repeal of the Independent Payment Advisory Board to medical malpractice legislation when Congress resumes next week.
Federal spending on Medicare and Medicaid is expected to double by 2022, reaching $1.8 trillion or 7% of the entire economy, according to a new Congressional Budget Office report.
Increasing the Medicare age to 67 would save the federal government $148 billion between 2012 and 2021, but the savings would be offset by an increase in Medicaid spending, the Congressional Budget Office said Tuesday.
Twenty-six states filed a brief Tuesday encouraging the U.S. Supreme Court to strike down a provision of the healthcare reform law that calls for a major expansion of Medicaid.
Cancellation of the CLASS Act means there will be billions less going toward reducing the nation's net deficit, the Congressional Budget Office said Monday. The Community Living and Assistance Services and Support (CLASS) program was a part of healthcare reform law, the total of which the CBO estimated would reduce the federal deficit by around $143 billion in a decade. Of that, $81 billion was coming from premium payments for long-term care insurance through CLASS.
If the congressional "super committee" fails to reach its deficit reduction goal, automatic Medicare cuts would save the government more than $120 billion over the next decade, according to a report.
A Congressional Budget Office update issued Wednesday indicates there will be a one-year delay in the implementation of the Affordable Care Act's long-term care insurance plan.
Federal officials are hinting that accountable care organization testing models may have a broader scope than previous reports have indicated. The imminent regulations could be out within a week.
The Congressional Budget Office on Wednesday released clarification of its analysis showing that $115 billion in discretionary spending will result from the healthcare reform law. Most of that spending is for existing programs, according to the CBO.
Discretionary spending resulting from the recently passed healthcare reform law could total $115 billion over 10 years, according to a new analysis from the Congressional Budget Office. That includes around $100 million for long-term care and elder abuse programs.
Now that House Democrats, the dominant party in that chamber, have issued their proposal for healthcare reform, the non-partisan Congressional Budget Office will put a price tag on it. The full House then could vote on the measure by the end of next week.
The federal government can expect to save roughly $26 billion in Medicare costs over 10 years in part by freezing the market-basket update for skilled nursing facilities in fiscal year 2010, according to a new analysis from the Congressional Budget Office.
The Congressional Budget Office has estimated that a legislative proposal for a disability insurance program would save $59 billion between 2010 and 2019. Also, if implemented, this program would lead to savings of $2.5 billion for the Medicaid program over that period, the public analysis agency said late last week.