Medicare Part D and Deficits
I wanted to find the cost to Medicare for Part D, the drug plan for Medicare beneficiaries that went into effect in 2006. I googled “Part D Medicare budget” and got very good information. In 2010,...
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The Cost of Medicare
In 2008, Medicare spent $9,100, on average, for each Medicare beneficiary. Multiply that times the 46 million people enrolled in Medicare in 2008 for a total expenditure of $418 billion. Kaiser...
View ArticleMedicare and the Budget
Kaiser Family Foundation (kff.org) has lots of information on Medicare and health care in general. It’s a great place to find data and analysis on Medicare, Medicaid, and health care reform. Here is...
View ArticleMedicare and Budget Cuts
Here is a chart from kff.org that shows a breakdown of government spending. Understanding the federal budget is important when we hear about where spending cuts will be targeted. The only area being...
View ArticleHow To Cut Medicare Costs: Part D
In 2008, Medicare spent $68.3 billion dollars on drugs purchased through Part D plans. This is too much money! Seventy-five percent of the $68.3 billion was spent on brand name drugs like Lipitor,...
View ArticleClear Cut Choices for Medicare’s Future
A recent New York Time’s editorial highlighted the stark differences between the Republicans’ plans for Medicare and those of the Obama Administration. The editorial said: “The Democratic approach is...
View ArticleMedicare, Customer Satisfaction, and Hospital Bills
Kaiser Health News reported on Medicare’s plans to change the way it pays hospitals. Here are some excerpts from the story. Medicare took its broadest step yet in moving away from its traditional...
View Article$120 Billion in Savings For Medicare From the Affordable Care Act
Medicare is in trouble, and the only way to save it is to reform the program and cut costs. But how to do this? It turns out the Affordable Care Act (aka “Obamacare”) provides some answers to this...
View ArticleMedicare’s Budget Problems: Part D
In 2010, Part D drug coverage made up 13.4% of the Medicare budget, or $68 billion. So even with seniors paying premiums for their Part D plans that ranged from $1o to $90 per month, Medicare still...
View ArticleBudget Woes: A short course
I wanted to share some excellent information I found on the budget, deficits, and more. If the material goes by too quickly for you, you can go to the website and review the slides at your own pace....
View Article2012 Medicare Part B Premium: $99.90. It should be $300.
The Medicare Part B monthly premium will be $99.90 in 2012. This will mean a small increase for the majority of Medicare beneficiaries who have been paying $96.40 since 2009. Those who began their...
View ArticleMedicare and the Budget
In fiscal year 2010, Medicare spending totaled $524 billion, accounting for 20 percent of national health expenditures, 15 percent of the federal budget, and 3.6 percent of the gross domestic product...
View ArticleWhat Does Medicare Cost ?
What does Medicare cost? Most people think their $134 Medicare Part B premium covers the cost of their Medicare – but they are very wrong. You can see from the charts below that there are three parts...
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