After more than 10 years of warnings by government investigators, the Centers for Medicare & Medicaid Services now has a mandate to remove Social Security numbers from enrollees' cards — a practice identified as one of the top personal financial threats seniors face today.
They say politics makes for strange bedfellows. It makes for stranger politicians.
It's hardly breaking news that we live in an aging nation. But a look inside the latest round of numbers might give providers more reason to feel optimistic about remaining solvent once the age wave hits.
Even mission-driven long-term care providers have to be more assertive in recouping late payments from residents or their families, two legal experts said Thursday.
For many long-term care operators, shrinking demand is not likely be a problem in the decades ahead. After all, about 10,000 baby boomers turn 65 every day, and the pace is just heating up. But there can be a big difference between prospects and paying customers.
A notable anniversary took place when the Social Security program recently turned 78. People often disagree about how well this program has worked and whether it should be allowed to continue. But any provider who sees the program as less than a blessing sorely needs to stop looking into this horse's mouth.
Any provider who sees the program as anything less than a blessing sorely needs a class on recognizing gifts.
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.
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.
Monday was a remarkable day, even by Washington spinmeister standards. In fact, we here at McKnight's had to look two times — nay, three — to make sure we had seen correctly.
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.
It's becoming increasingly obvious that our elected leaders need to quit playing political chicken. Otherwise, there are going to be some bleak days ahead for We the People.
Senior citizens who receive Social Security benefits cannot opt out of Medicare and rely solely on private insurance, a federal appeals court ruled Tuesday.
A group of researchers has developed a more accurate way of calculating mortality rates of the oldest Americans, which might lead to more realistic cost projections for Social Security and Medicare.
The House passed a bill (H.R. 2576) last week that would count Social Security as income in determining eligibility for Medicaid and federal subsidies for health insurance exchanges, starting in 2014.
Patrick Henry once said, "The Constitution is not an instrument for the government to restrain the people; it is an instrument for the people to restrain the government — lest it come to dominate our lives and interests." Wow, how timely.
As federal deficit-reduction talks continue, lawmakers from both sides are proposing legislation to tighten Medicaid eligibility rules. The legislators' collective goal is to trim program outlays by more than $13 billion. Not surprisingly, many providers are expressing concern over possible reductions in their largest funding source.
The annual Medicare Trustees report found that under current conditions, the Medicare hospital insurance trust fund will be exhausted by 2024, largely due to the bad economy. The same report, which was released Friday, projected that the Social Security trust fund also will be depleted by 2036, a year sooner than what was predicted last year.
Sixty-five percent of Americans know that long-term care planning is an important, cost-saving action. But only 44% of them have started taking any steps to prepare for unanticipated costs, according to a new consumer study from Lincoln Financial.
Medicare increasingly will become more expensive, and eventually surpass the cost of Social Security, according to a new report from the boards of trustees for Medicare and Social Security.
An Independent Payment Advisory Board (IPAB) established under the healthcare reform act will help to ensure the nation's future fiscal health, Office of Management and Budget Director Peter Orszag said Thursday.
The growing deficit could force the federal government to raise taxes or change entitlement programs, such as Medicare and Social Security, Federal Reserve Chairman Ben S. Bernanke said this week.
The growing number of Americans who decide to delay retirement could take some of the financial burden off the two programs, an analysis by a research organization finds.
Publication of the annual report detailing the financial health of the Medicare and Social Security programs will be three months later than usual to determine the effect of the healthcare reform law on those programs, according to news reports.
State and federal lawmakers should find a way to legally recognize same-sex elderly couples to extend social supports, financial security and healthcare benefits to gay, lesbian, bisexual and transgender seniors, a new report contends.
By 2050, Americans could be living three to eight years longer than current government projections. That could result in significantly higher costs to Social Security and Medicare, a new study released Monday reveals.
A measure that would prevent a cut to Social Security payments failed in the Senate. As a result, rising Medicare Part B premiums are expected to adversely affect 27% of Medicare beneficiaries.