Category Archives: Medicare

Medicare passes on big profits to insurers

By doris | Published: December 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — This has been a volatile year for the stock market. But one sector has been consistently earning a windfall for investors: health insurers that provide private Medicare plans to seniors. Among the top-performing Fortune 500 stocks of 2011, three – WellCare Health Plans (WCG, Fortune 500), Humana [...]

Also posted in Profit, Stocks | Leave a comment

Home prices fall to 8-year lows

By doris | Published: November 29, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Home prices continued to sink in the third quarter, falling to levels not seen since early 2003. Home prices dropped 3.9% year-over-year during the three months ended Sept. 30, according to the S&P/Case-Shiller national home price index. On a quarterly basis, prices were slightly higher, squeezing out a [...]

Also posted in Budget, Business, Financial, Home | Leave a comment

Clinton: NY win is no excuse on Medicare

By doris | Published: May 25, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Bill Clinton had a word of warning on Wednesday for fellow Democrats: Don’t get too cocky about voters’ rejection of Paul Ryan’s Medicare plan. In a special election for a vacant House seat on Tuesday, a Democrat candidate upset a Republican in a GOP-stronghold in upstate New York. [...]

Also posted in America, Insurance, Republicans, Veto | Leave a comment

Social Security and Medicare to run short sooner than expected

By doris | Published: May 13, 2011

Full Story atmoney.cnn.com Put the money back that you took out of it and there will be enough in there now.  Borrow money from some where else. Don’t let SS go broke it is our money you are playing with. NEW YORK (CNNMoney) — Social Security and Medicare — the country’s two biggest entitlement programs [...]

Also posted in America, Financial, Government, Money, Rant, Social Security, Spending | Leave a comment

CVS to buy Medicare business of Universal American

By doris | Published: January 2, 2011

Full Story at msnbc.com WOONSOCKET, R.I. — CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.’s Medicare prescription drug services unit. CVS said it pursued the deal because with the country’s population aging, a growing percentage of Americans will get their prescription drug coverage from Medicare. Shares of Universal [...]

Also posted in America, Business, Health, Insurance, Merge | Leave a comment

Doctors’ Medicare payouts to be cut 21% June 1

By doris | Published: May 17, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — For the fourth time this year, doctors face a potential huge cut in the fees that the government pays them to treat Medicare patients. Physicians will be hit with a 21% cut in Medicare reimbursements as of June 1, unless lawmakers decide to patch over the issue [...]

Also posted in Health, Insurance, Limits | Leave a comment

Health bill for firms: Big tax or closed loophole?

By doris | Published: April 3, 2010

Full Story at msnbc.com WASHINGTON – As more corporate heavyweights warn about multimillion-dollar charges related to the Obama administration’s landmark health care bill, experts say the one-time hit simply curbs a government giveaway. At issue is a sweetener added in 2003 by lawmakers to legislation providing a prescription drug benefit to Medicare, the health insurance [...]

Also posted in America, Financial, Government, Health, Money | Leave a comment