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Medicare Pilot Savings Project Yields Mixed Results

In 2005 The Center for Medicare and Medicaid Services (CMS) launched a pilot project geared to measure the success of group physician practices. Five years later the results are mixed, as practices have increased quality but have failed to reduce costs as much as predicted. “If health care reform is to be successful,” notes Alan […]

Medicare Pilot Program Saves $1M and Reduces Readmissions

A Medicare program to prevent expensive hospital readmissions has shown that there are millions of dollars in potential Medicare savings to be gained. “The idea is to reduce preventable hospital readmissions for Medicare beneficiaries,” suggests Alan Weinstock, an insurance broker at MedicareSupplementPlans.com. “When the program began in 2009 nearly one in five patients who left […]

Medicare Payment Cuts Finally Resolved Heading into New Year

At the end of November Congress had agreed to a one month delay in cuts to Medicare reimbursement rates for doctors. “It was a short-term reprieve to the 23 percent cut that was supposed to take place on December 1,” noted Alan Weinstock, an insurance broker at MedicareSupplementPlans.com. “The hope, naturally, was that lawmakers would […]

Medicare Part D Premiums Will Rise by 10 Percent in 2011

Medicare is once again on the rise. This time the premiums for Medicare Part D – the prescription drug benefit – are expected to increase by an average of 10 percent for many Medicare beneficiaries if they stay with their current plans. This is according to a study that was recently released. This is the […]

Medicare Part D Beneficiaries NOT Facing Double-Digit Premium Increases

A September study of government data by Avalere Health originally indicated that Medicare Part D beneficiaries would face double-digit premium increases next year unless they look for less costly plans. “The Obama Administration has taken steps to close the donut hole by offering $250 rebates to Medicare beneficiaries and requiring all participating Medicare prescription drug […]