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The two party’s approaches are quite different. The Democrats’ plans are contained generally in the Affordable Care Act (ACA) and for the most part are based on rate or price controls. This is Part 4 of my series on Medicare. Politicians realize that Medicare will not be able to continue on its current track. Something has to change since the country will simply not be able…
ContinueAdded by Stephen C Schimpff on August 12, 2013 at 8:13am — No Comments
Medicare is complicated. And expensive to government and individuals. My last post was the beginning of a primer on Medicare. It is not simple but can be understood. Medicare covers about 50 million older Americans for general health care and covers about 75% of covered services or 50% of total health care costs of these seniors. Medicare, as the largest single insurer, sets the standard for reimbursement rates across all insurers. It tends to pay slightly less than costs, leading hospitals…
ContinueAdded by Stephen C Schimpff on August 9, 2013 at 9:13am — No Comments
With the nomination of Congressman Paul Ryan last summer as the vice presidential candidate of the Republican Party, Medicare became front and center in the political discussions and, although there is less attention just now, it will return with a vengeance once again to dominate. To understand the dialogue requires an understanding of Medicare, how it works, where the money…
ContinueAdded by Stephen C Schimpff on August 5, 2013 at 10:30am — No Comments
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