Centers for Medicare and Medicaid Services has released its annual report for 2014 on national health expenditures. "In 2014, per-capita health care spending grew by 4.5 percent and overall health spending grew by 5.3 percent, a study by the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS) published today as a Web First byHealth Affairs. Those rates are below most years prior to passage of the Affordable Care Act..." [ Read more here ]
With the coverage deadline upon us, Healthcare.gov is there to help those last minute customers looking for healthcare coverage by January 1st. "The new Out of Pocket Cost calculator, Doctor and Facility Lookup, and Prescription Drug Lookup features will help consumers to more easily search for the plan that best meets their budget and health needs..." [ Read more here ]
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Being convinced of one count of healthcare fraud, the jury set in for a Texas man who defrauded the medicare system. "Huey P. Williams Jr., 46, of Katy, Texas, was sentenced by U.S. District Judge Melinda Harmon of the Southern District of Texas. In addition to imposing the sentence, Judge Harmon ordered Williams to pay $1.96 million in restitution. Williams owned and operated Hermann Medical Supplies Inc. and Hermann Medical Supplies II (collectively Hermann Medical), two Houston-area durable medical equipment (DME) companies..." [ Read the story here ]
E-commerce has boosted the medical equipment rental rates across the world. Allowing doctors to save money by sharing equipment which they will only use for a specific set of procedures. "Over the years, medical equipment segment has grown by leaps and bounds as complex engineering used to make life simple for patients. As the technologically advanced medical equipment is used in case of specific situations, periodic assistance, or for just a procedure, several hospitals prefer renting the equipment instead of buying them..." [ Read the story here ]
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Centers for Medicare and Medicaid Services has released a report on the effect of the Affordable Care Act on healthcare premiums. "The Centers for Medicare & Medicaid Services (CMS) released a new report today showing that consumers have received more than $2.4 billion premium rebates since 2011 because the Affordable Care Act requires that health insurance companies spend at least 80 percent of premium dollars on health care. For 2014 alone, over 5.5 million consumers received nearly $470 million in rebates, for an average of $129 per family. Those rebates are in addition to improvements in quality and affordability savings consumers have received as the share of insurance companies in compliance with the requirements [...]
Services for Independent Living (SIL) is helping those in need of medical equipment by reusing and loaning out much needed life saving devices. "Customers can use the equipment for a few weeks or longer. Merry said he gave out 186 loans, which range in duration. The 552 recycled items resulted in $288,522 saved by consumers...." [ Read the story here ]
"The home health care market is rapidly changing. The Affordable Care Act and competitive bidding have brought new regulatory challenges to the HME/DME marketplace. The pressure to compete has driven many small dealers out of business—and driven others to the top of their game through focusing on cash sales..." [ Read the story here ] Are you looking for help navigating the ever changing health care market? Noble House's - Noble*Direct medical billing software can save you time and money, streamlining your business.
Centers for Medicare and Medicaid Services has announced its 2016 medicare part a and part b premiums and deductibles, noting there will be no increase for some. "As the Social Security Administration previously announced, there will no Social Security cost of living increase for 2016. As a result, by law, most people with Medicare Part B will be “held harmless” from any increase in premiums in 2016 and will pay the same monthly premium as last year..." [ Read the story here ]