The Centers for Medicare and Medicaid Services Office of the Actuary (OACT) just released its projections for national health spending through 2021. The picture isn’t pretty, as health spending will continue to increase at a much faster rate than the gross domestic product (GDP), consuming 19.6 percent (almost one-fifth) of …
Yet another provision of Obamacare is expected to cost taxpayers more than they expected. The House Energy and Commerce Committee recently sent a letter to the Centers for Medicare and Medicaid Services (CMS) asking for details regarding the probable loss of $3.1 billion out of the $3.4 billion in Obamacare …
On Monday, the Obama Administration signaled that another part of its signature health care law may not be working out as planned. The Centers for Medicare and Medicaid Services (CMS) put an end to a program that offered a $100 incentive to insurance brokers and agents for recommending eligible people …
In 2014, Obamacare’s key provisions will kick in, and among them is a huge expansion of Medicaid. Obamacare extends eligibility to almost everyone with income below 138 percent of the federal poverty level under the age of 65. A report released by the Centers for Medicare and Medicaid Services shows …
Yesterday, the Centers for Medicare and Medicaid Services (CMS) released its new projections of national health spending trends through 2020. The findings, which estimate health care spending to reach more than $4 trillion by 2020, come as no surprise: Runaway spending has overtaken the United States health care system and …
Earlier this year, Richard Foster, the Chief Actuary for the Centers for Medicare and Medicaid Services (CMS), issued a report projecting that about half of all seniors and disabled Americans enrolled in Medicare Advantage plans will be pushed out of that program due to the new health care reform law, …
The Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) just updated national health spending projections as a result of the Patient Protection and Affordable Care Act (PPACA). While many of its estimates are disconcerting, one estimate in particular is eye-popping and will be unwelcome news …
Last week the Centers for Medicare and Medicaid Services (CMS) released the final cost projections for Obamacare, finding that, contrary to White House claims, the legislation will increase national health spending by $311 billion over the next decade and will cause 14 million Americans to lose their current employer-based health …
Yesterday, the actuaries at the Centers for Medicare and Medicaid Services (CMS), the agency that runs the giant entitlement programs, released their analysis of the new health care law. The AP reports that “White House officials have repeatedly complained that such analyses have been too pessimistic and lowball the law’s …
At his impromptu press conference yesterday, President Barack Obama again defended his health care plan this time claiming: I don’t know if people noted, because during the health care debate everybody was saying the President is trying to take over — a government takeover of health care. I don’t know …
