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The Latest Breaking News from Medicare

Up to $3 billion in taxpayer money lost to Medicare fraud and non-compliance annually, government review finds

Between $1.5 billion to $3 billion is being lost to Medicare fraud and non-compliance every year, according to an independent review that also warns the overly-complex system is out of date and risks bleeding more taxpayer money.

ABC News

Watch: Damning Medicare review, TikTok ban, Interest rates

Watch: Donald Trump has arrived in New York before his arraignment tomorrow. TikTok has been banned on all Australian federal government devices due to

The New Daily

Medicare fraud and non-compliance costing taxpayers up to $3bn, review finds

Government-commissioned report argues structural reform is essential and requires a simpler, clearer billing system

The Guardian - AU

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Liz Weston: Will you face a tax bomb in retirement?

Good savers who take full advantage of their 401(k) plans and other tax-deductible retirement plans could be setting themselves up for unnecessarily high tax bills in retirement

The Independent UK

Drug overdose deaths ‘quadrupled’ among older US adults over last two decades, study warns

‘Quadrupling of fatal overdoses among older adults should be considered in evolving policies’

The Independent UK

Research debunks myth of widespread Medicare fraud

About 85 per cent of GPs nationwide have saved Medicare over $350 million from undercharging patients in consultations, a new study has found.

The New Daily

Blaming victims of domestic abuse helps no-one fix underlying issues

Why is there still so much ignorance on the subject, and where do all the myths and misconceptions come from?

Newcastle Herald

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Doctors demand apology as Medicare fraud myth busted

Doctors are claiming vindication and demanding an apology as new research undermines claims of widespread Medicare fraud.

AAP

Social Security is now expected to run short of cash by 2033

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

WEKU

Social Security insolvency seen coming a year earlier than before

WASHINGTON — The Social Security system’s retiree fund will be able to fully pay scheduled benefits until 2033, one year earlier than reported last year.

Tribune News Service

Social Security, Medicare funds face depletion within a decade - Roll Call

Social Security’s finances worsened over the past year while Medicare's improved slightly, according to government actuaries.

Roll Call

Can My Pension Trigger a Retirement Tax Bomb?

Key planning strategies like asset location and Roth conversions can dramatically reduce the taxes you pay throughout retirement and your heirs’ tax liability.

Kiplinger

Liberals expected to retain Aston seat at by-election

Labor and coalition camps expect the Liberal Party to retain the Melbourne seat of Aston after Alan Tudge's retirement triggered a by-election.

AAP

Necho lost her job because she is trans. Now she's studying to become a human rights lawyer

Necho Brocchi was in the early stages of medically transitioning when she said she was fired for being trans.

ABC News

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Tribune News Service

Mayor Adams signs controversial contract that eliminates traditional Medicare for retired NYC workers

NEW YORK — Mayor Eric Adams signed off on a contract Thursday that will eliminate traditional Medicare coverage for retired city government workers and shift them into a privatized version of the program instead — a highly controversial move that immediately drew a lawsuit threat from a grassroots retiree group.

Roll Call

Budget blueprint may take a back seat to debt limit in House - Roll Call

House Budget Chairman Jodey C. Arrington said Congress needs to lift the debt ceiling and impose fiscal controls “immediately".

Barchart

Strength in Tech Stocks Boosts Market Sentiment

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. U.S. stock indexes this morning are moderately higher. Strength...

The Independent UK

Poll: Cut federal spending — but not big-ticket programs

In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs

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Barchart

Stocks Slip as Tech Stocks Fall on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.49%. Stock indexes Tuesday posted moderate losses, with the Nasdaq...

Tribune News Service

Congressman seeks to plug ‘shocking loophole’ exposed by KHN investigation

A U.S. lawmaker is taking action after a KHN investigation exposed weaknesses in the federal system meant to stop repeat Medicare and Medicaid fraud and abuse.

Axios

The quiet privatization of government health insurance programs

Medicare and Medicaid have become increasingly dominated by private plans.

Tribune News Service

Mental health care by video fills gaps in rural nursing homes

KNOXVILLE, Iowa ― Bette Helm was glad to have someone to talk with about her insomnia.

Tribune News Service

End of COVID emergency will usher in changes across the US health system

The Biden administration’s decision to end the COVID-19 public health emergency in May will institute sweeping changes across the health care system that go far beyond many people having to pay more for COVID tests.

The Guardian - AU

Melbourne’s Italian renaissance: how next-generation migrants are changing the city

A new wave of young Italians are moving to Melbourne, joining established second- and third-generation communities for a taste of la dolce vita

Fortune

Medicare Advantage plans seem enticing, but here are 12 things to know before signing up

Medicare Advantage plans are an increasingly popular alternative to Traditional Medicare, but you need to be careful before signing up.

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