Medicare Advantage quality ratings for the company dropped, meaning a big drop in revenue from bonus payments.
Medicare
Posted inAmerican Journal, Forecaster Opinion, Lakes Region Weekly, Scarborough Leader, South Portland Sentry, The Forecaster
Forum: Tips for navigating big Medicare changes in 2025
The Inflation Reduction Act brings big changes to Medicare plans starting January 2025. Knowledge is key. Ninety percent of Medicare beneficiaries with prescription drug plans and Medicare Advantage plans will be affected. There is both good news and disruptive news. First, the good news: Starting in 2025, prescription medication costs will be capped at $2,000. […]
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Posted inBusiness, Nation & World, News
U.S. drug price measure to cut costs by $7.5 billion in 2026
Senior citizens will fork out $1.5 billion less in out-of-pocket costs for ten medications.
Posted inNation & World, News
5 arrested over ‘sham hospices’ alleged to bilk Medicare for over $15 million
As part of the alleged scheme, the three defendants misappropriated the identifying information of doctors to claim those physicians had deemed hospice services necessary for patients, federal prosecutors said.
Posted inHealth, Local & State, Politics, Schools and Education
Bernie Sanders speaks at UNE graduation, says U.S. health care system is broken
America spends more than other countries, yet millions of people are uninsured and underserved, the senator from Vermont said during his remarks at Saturday’s commencement.
Posted inBusiness, News
Social Security and Medicare finances look grim as overall debt piles up
The news Monday was better than many experts had expected, though – last year, federal actuaries said the programs could go belly-up sooner than the decade predicted in the new report.
Posted inLocal & State, Politics
Maine Legislature preserves expansion of Medicare Savings Programs
Lawmakers rejected an effort by the Mills administration to scale back the expansion, preserving benefits for an estimated 45,000 newly eligible low-income Mainers.
Posted inHealth, Lewiston-Auburn, News
Lewiston hospitals, facing millions in unexpected costs, search for a cure to problems
Legislation, property sales, layoffs, program closures and partnerships are among the measures the 2 Lewiston hospitals have taken in recent years to address what officials say is a huge unexpected cost of filling critical vacant positions and dealing with low government reimbursement rates.
Posted inBusiness, Nation & World
U.S. investigates alleged Medicare fraud scheme estimated at $2 billion
The potential scale of the alleged fraudulent billing operation is with little precedent in the history of Medicare, experts said.
Posted inBusiness, Health, Nation & World
New weight loss drugs are out of reach for millions of older Americans because Medicare won’t pay
Obesity drugs like Wegovy and Zepbound are capturing the attention of celebrities and showing promising results in helping people shed pounds.