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Medicare Budgetary Cuts May Prove Detrimental

After Obamacare got rolling, the budgetary cuts in Medicare may ultimately prove to be detrimental. This tug of war is bound to occur as various medical insurance schemes via for funds.

Jan 18 2014, 5:50am CST | by

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Medicare Cuts May Prove Detrimental
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Medicare Budgetary Cuts May Prove Detrimental

While Obamacare is being given all the media hype and moral support from the Democrats, there are other older medical caregivers that are not being given any attention. The way things are going, the concentration of wealth in one source is an ideal recipe for monopoly. And this is not such a good thing. UnitedHealth Group is one such agency that has faced a similar situation. Its shares have taken a nosedive. 

According to an analyst such an occurrence is pretty rare but it is happening now and has to be dealt with. The whole issue is the medical cost ratio which has undergone disturbance. Besides UnitedHealth, the shares of several other firms such as WellPoint, Aetna, Cigna and Humana underwent a downward spiral too

Especially Medicare and Medicaid have their backs against the wall. For all purposes they won’t be able to take the heat much longer if budgetary cuts keep eating away into their funds. With the Affordable Care Act being implemented quite aggressively by the Obama administration, the rest of the medical coverage centers are being forced to tighten their belts by many notches. 

It is a time of troubles as technology hassles and other hurdles are getting in the way of proper patient care. And while UnitedHealth has billions of dollars at its disposal, it is still worried about the fate of Medicare, which comes under its aegis. The gain of one party is the loss of another. At least that is the way of the world. 

Source: Reuters


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Update: 11

Why Isn’t Obama More Popular?

Source: Miller-McCune

In one of my excursions this summer, I met a gentleman who asked me an interesting question, but we never really had a chance to discuss the answer. So this post is my chance to try to do that. The question was, roughly: The country seems to be running well and Obama has a solid record of accomplishment. So why isn’t he more popular? It’s a good question with a number of moving parts, which I’ll addre ...
Source: Miller-McCune   Full article at: Miller-McCune 2 days ago, 10:00am CDT


Update: 10

Mid-Year Tax Planning For Those Miscellaneous Items

Source: CBS Boston

BOSTON (CBS) – In order to take advantage of tax credits, you need to know what’s available. Here are some you may not be aware of: Mid-Year Tax Planning For Those Miscellaneous ItemsWBZ NewsRadio 1030playpausejQuery(document).ready(function($) { cbs_audio_player_v2("audio-player-3"); }); Medical Deductions To qualify for a medical deduction this year your unreimbursed medical expenses must exceed 10% of your adjusted gross income, up from the 7.5% it had bee ...
Source: CBS Boston   Full article at: CBS Boston 5 days ago, 9:22am CDT

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Update: 9

PTL Enterprises: Outcome of board meeting


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Update: 7

Why Not the Older Americans Act?

Source: Politics - The Huffington Post

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Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post 1 week ago, 2:33pm CDT

Update: 6

Mid-Year Tax Planning For Your Retirement Plans

Source: CBS Boston

BOSTON (CBS) – Mid-year is a good time to take stock of your retirement accounts. The contribution limits for this year for a 401(k), a 403(b) and a 457 plan is $17,500. If you are 50, or reach that magic age this year, you can use the catch-up provision and contribute an additional $5,500 to your account. Not too many workers are able to contribute the max to their retirement and even less can use the catch-up provision. If you are not contributing the maximum to ...
Source: CBS Boston   Full article at: CBS Boston 1 week ago, 9:48am CDT

Update: 5

Wichita chiropractor pleads guilty in fraud scheme

Source: 49 News Topeka

WICHITA, Kan. (AP) — A Wichita chiropractor has admitted he defrauded health care programs out of $1.3 million. Thirty-three-year-old Jeffrey Fenn pleaded guilty Monday to one count of health care fraud, two counts of aggravated identity theft and one count of tax evasion. A grand jury had indicted Fenn on 22 counts in October. The U.S. Attorney’s Office says Fenn submitted false claims to Medicare, two insurance companies ...
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Update: 4

Senate Opposes Gilead’s Drug Pricing; May Cost The US $55 Billion

Source: bidness etc

Gilead Sciences, Inc.’s (GILD) product pricing for Sovaldi came into question as a result of the massive costs incurred to government-run Medicaid programs. The breakthrough hepatitis C drug costs $1,000 a day, which brings the total cost of the treatment for a 12-week treatment regimen to $84,000. This amounts to a burden of $55 billion on the US to cover the 750,000 patients under Medicare who are suf ...
Source: bidness etc   Full article at: bidness etc Jul 18 2014, 8:25am CDT

Update: 3

NeoGenomics Stock Surges On Record Quarterly Results

Source: bidness etc

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Source: bidness etc   Full article at: bidness etc Jul 18 2014, 6:33am CDT

Update: 2

UnitedHealth Posts Strong Quarter On The Back Of Its Optum Business

Source: bidness etc

UnitedHealth Group Inc. (UNH) reported results for the second quarter of its 2014 fiscal year (2QFY14) before markets opened today. The company reported earnings per share (EPS) of $1.4, beating expectations of $1.24. Revenues were reported at $32.57 billion, beating analysts’ expectations of $32 billion by 1.64%. On a year-over-year (YoY) basis, revenues grew 7% due to increase in the number of people insured and growth in the pharmacy benefits management business, Optum ...
Source: bidness etc   Full article at: bidness etc Jul 17 2014, 9:53am CDT

Update: 1

Battle of the Medicare ads in Kentucky Senate race


Media organizations parsed ads by both Democratic challenger, Alison Lundergan Grimes, and GOP incumbent, Sen. Mitch McConnell, and found both sides making inaccurate claims ab ...
Source:   Full article at: Jul 15 2014, 12:09am CDT

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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