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The Latest Breaking News from Medicare

Proposed insulin price cap poses test for Dems

A Senate deal to cap the cost of insulin at $35 a month for individuals with private insurance and Medicare poses a new test of whether Democrats can make good on campaign pledges to rein in drug costs, Axios' Adriel Bettelheim writes.

Axios

Regional clinics sweep in changes to bulk-billing amid rising costs and doctor shortages

Medical clinics are flagging doctor burnout and financial reasons for the changes, which will mean out-of-pocket expenses for many people.

ABC News

3 Stocks That Are Thriving With Higher Rates

Rising rates are a headwind for most stocks. However, for a handful, they are leading to an earnings boom,. Here are 3 stocks benefitting from higher rates: Humana (HUM), Everest RE (RE), and Silvercrest Asset Management (SAMG).

StockNews.com

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On jobseeker, I often just had one meal a day. Now I am worried I’ll need to get used to that again

Poverty is a political choice. The new Labor government must raise jobseeker payments to protect our most vulnerable

The Guardian - AU

Mark Cuban’s pharmacy could have saved Medicare $3.6 billion, researchers find

Medicare could have saved $3.6 billion in a single year if it had bought generic drugs from Mark Cuban’s online pharmacy, according to a Harvard University report.

Tribune News Service

Senators release bill targeting insulin prices

WASHINGTON — Two key senators on Wednesday released a widely anticipated bill aimed at lowering insulin prices and capping monthly copays under commercial and Medicare insurance plans.

Tribune News Service

Senators release bill targeting insulin prices - Roll Call

The bill would cap insulin copays at the lesser of $35 or 25 percent of the list price per month in commercial and Medicare Part D plans.

Roll Call

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TPG Capital Takes Healthcare Technology Convey Health Private In $1B Deal

TPG Capital, private equity, has agreed to acquire Convey Health Solutions Holdings Inc (NYSE:CNVY) for $10.50 per share in cash, representing an enterprise value of approximately $1.1 billion. The purchase price represents approximately 99% over Convey's 30-day volume-weighted average price per share as of June 17 and a premium of approximately 143% to…

Benzinga

Supreme Court sides with insurer in dialysis coverage case - Roll Call

The Supreme Court decides in favor of an insurer in a case focused on reimbursement rates for kidney dialysis.

Roll Call

WA bulk-billing clinics not being covered by Medicare rebates, doctors say

The federal government is undervaluing general practices around the country, according to a doctor who says cost pressures are pushing patients to hospital emergency departments.

ABC News

Editorial: The time to save Social Security and Medicare is now

Sometimes good news comes with a cloudy lining.

Tribune News Service

Buy and bust: When private equity comes for rural hospitals

MEXICO, Missouri — When the new corporate owners of two rural hospitals suddenly announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: “You’ll be seen; the ER is open.”

Tribune News Service

The feds want to hide hospital safety scores during COVID, making it harder to evaluate yours

PHILADELPHIA — The last time Medicare rated hospitals on surgical complications such as bed sores, collapsed lungs, bloodstream infections, and broken hips, four Philadelphia-area facilities scored worse than average.

The Philadelphia Inquirer

Democrats risk a crushing defeat this year. They must change course now

Progressive policies that help the working class are wildly popular with voters. Why are we letting Republicans and corporate Democrats dictate our agenda?

The Guardian - US

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Dynamite News

Study: Diabetes wellness visits reduce risk of amputation

A new study by University of Virginia School of Medicine researchers and their collaborators found that patients with diabetes who participate in a free Annual Wellness Visit covered by Medicare are 36 per cent less likely to need an amputation. Read more on Dynamite News:

Tribune News Service

Medicaid weighs attaching strings to nursing home payments to improve patient care

The Biden administration is considering a requirement that the nation’s 15,500 nursing homes spend most of their payments from Medicaid on direct care for residents and limit the amount that is used for operations, maintenance, and capital improvements or diverted to profits.

The Independent UK

High court rules against government on drug reimbursement

The Supreme Court says the federal government improperly lowered drug reimbursement payments to hospitals and clinics that serve low-income communities

Chicago Sun-Times

Preventive care might be free, but follow-up diagnostic tests can bring big out-of-pocket bills

Under the law, many preventive screenings — are covered at no cost to patients. But, if more testing is needed to figure out what’s wrong, you could be charged hundreds or even thousands of dollars for diagnostic services.

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The Independent UK

Fraud suspect caught allegedly trying to flee to Cuba on jet ski

Water craft had been upgraded with fuel cell and extra water and food, say officials

Miami Herald

Medicare fraud suspect caught trying to flee for Cuba on ‘jet ski,’ feds say

MIAMI — Last week, U.S. Coast Guard crews and agents with Customs and Border Protection’s Air and Marine Operations found two men on a disabled personal watercraft floating in the ocean south of Key West.

The Guardian - US

Bernie Sanders skewers Republican critic of ‘full-on socialism’ in Fox debate

‘Is guaranteeing healthcare to all people socialistic?’ senator asks rightwing colleague Lindsey Graham in stellar defense of political philosophy

The Independent UK

Bernie Sanders challenges GOP to end ‘demagoguery’ in debate with Lindsey Graham

Hourlong debate spans inflation, gas prices, Donald Trump’s legacy and gun reform

The Independent UK

Liz Weston: How to afford your meds and support your health

What you pay for a prescription drug varies enormously depending on your medication, pharmacy, insurance and other factors

Tribune News Service

What if hospice services weren’t just for the dying?

Gloria Foster wasn’t ready for hospice, even though, with a prognosis of less than six months to live, she qualified for it. She was debilitated by diabetes and congestive heart failure, and was living with both a pacemaker and a device to help pump blood from her heart to the…

Tribune News Service

Feds withhold $1.2M as Florida refuses to enforce COVID vaccine rule for health care workers

FORT LAUDERDALE, Fla.— As Gov. Ron DeSantis fights COVID-19 vaccination passports and mandates — most recently by threatening the Special Olympics with a $27.5 million fine — there’s one mandate he can’t stop.

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