WASHINGTON (AP) — At least one mystery about President Joe Biden’s often convoluted answers during the presidential debate has been solved. Early in the debate, the 81-year-old Democrat was asked a question about the national debt and ended his meandering answer by declaring, “We finally beat Medicare.” That was not what Biden had intended to […]
FORT PIERCE – A Vero Beach woman indicted by a federal grand jury in connection to a multimillion-dollar Medicare fraud scheme was ordered Thursday to serve six months in prison, court records show. Pamala Ann Seymour, 60, who was owner and operator of Need A Brace LLC and Orthotics Now, Inc., both of Fort Pierce, […]
President Joe Biden got off to a bumpy start in the first 2024 presidential debate Thursday night, appearing to lose his train of thought and leaving awkward silence when he reached the end of his time. With his second answer, Biden teed up Donald Trump to attack. Biden was calling out the former president for […]
Humana and CVS, two of the largest Medicare Advantage insurers in the country, are poised to seriously downgrade their plan benefits and geographic presence next year as they chase profits in the privately run Medicare program. As a result, hundreds of thousands of Medicare Advantage seniors — and the billions in revenue they represent — […]
South Mississippi businessman Ted Cain and other defendants have reimbursed the federal government $14.2 million, plus post-judgment interest, for defrauding Medicare while operating Stone County Hospital in Wiggins. Cain, who owns the hospital, and controls nursing homes and other businesses through a management company, refinanced the 134-bed Woodland Village Nursing Center in Diamondhead for $14 […]
ATLANTA (AP) — The Supreme Court’s pending Idaho abortion ruling may hinge on how federal spending power might protect doctors against a state’s criminal code. For guidance, the justices can look to the very beginning of Medicare in the 1960s, when the promise of federal funding finally persuaded hospitals in the Jim Crow South to […]
Cape Cod Hospital has agreed to pay more than $24.3 million to resolve allegations that it did not follow Medicare cardiac procedure rules, according to the U.S. Attorney’s office. Investigators found that the hospital’s physicians did not perform patient evaluations for transcatheter aortic valve replacements, a procedure known as TAVR that involves replacing a patient’s […]
The Senate was in session yesterday, though Sen. Rick Scott missed some of the proceedings on Capitol Hill. It wasn’t because of an illness or a family matter, but rather, the Florida Republican decided to attend Donald Trump’s criminal trial in New York City. Scott wasn’t a witness or a party to the case in […]
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast. Shares of the health care giant plunged Wednesday morning after the company said it was still struggling with rising costs from care use in its Medicare Advantage business. Medicare Advantage plans are privately run versions of the […]
Apr. 18—Maine lawmakers this week voted to set aside $14.1 million to preserve a full expansion of the state’s Medicare Savings Programs, rejecting a Mills administration initiative to roll back the program. Jessica Maurer, executive director of the Maine Council on Aging, which lobbied for the bill, said that many lower-income, older Mainers were “hanging […]
(Bloomberg) — Health insurance stocks fell sharply Monday in late trading after US regulators didn’t boost payments for private Medicare plans like the industry had come to expect. Most Read from Bloomberg The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with […]
UnitedHealth (UNH) and Humana (HUM) tumbled late Monday while other health insurers such as CVS Health (CVS) and Cigna (CI) ended mixed after the Biden Administration announced that final Medicare Advantage rates in 2025 won’t change from initial plans in January. X The Centers for Medicare and Medicaid Services announced late Monday that private Medicare […]