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The Latest Breaking News from Medicare

After a nearly 10% jump in U.S. national health care spending between 2019 and 2020 amid the COVID pandemic, federal experts say they expect spending to normalize.

Axios

Health budget tops $132bn as Treasury says new Covid wave likely to hit this winter

Josh Frydenberg stresses commitment to Medicare and trumpets funding for Trodelvy – a drug used to treat rare form of breast cancer

The Guardian - AU

Billions set aside for COVID winter fight

Out-of-pocket costs for prescriptions will be reduced for millions of people, while Medicare funding will increase over the next five years.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Qld psychologist jailed for Medicare rort

A respected Queensland psychologist has been jailed for six months after receiving almost $110,000 in bogus Medicare claims over more than 18 months.

AAP

New levy should fund NDIS: advocates

A Medicare-style tax should be introduced to secure funding for the National Disability Insurance Scheme, advocates say.

AAP

3 Red-Hot Large-Cap Stocks Outpacing the S&P 500

Large-cap stocks are generally known to provide better safety to investors during periods of volatility. Therefore, we think Bristol-Myers Squibb (BMY), Vertex (VRTX), and Molina Healthcare (MOH), which have been outpacing the S&P 500, might be good investments now.

StockNews.com

Biden Is Trying To Pass a Wealth Tax—Again. It Could Be Unconstitutional.

The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.

Reason

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Rick Scott battles Fox host who calls out his false claim about tax plan

Senator’s ‘11 point plan’ has been roundly rejected by Democrats and even Mitch McConnell

The Independent UK

Aging in the shadows: llinois’ new health care program for undocumented seniors leaves some of the most vulnerable behind

CHICAGO — For more than a decade, Ananias Ocampo pushed a heavy ice cream cart through the streets of the Pilsen neighborhood as he waited for knee replacement surgery. When it got too cold for ice cream, the 78-year-old would go door-to-door selling homemade cheese even though he depended on…

Tribune News Service

Republican senator says tax rises in own plan are ‘Democratic talking points’

Rick Scott of Florida grilled on Fox News Sunday about suggested income tax rise and letting social security and Medicare fall

The Guardian - US

Uninsured will now pay for COVID tests

Government funding cuts to key pandemic programs forced by GOP opposition arrive as progressives in Congress renew their push for Medicare for All.

Salon

Queensland calls for more public health funding in the upcoming federal budget

Queensland's Health Minister wants Tuesday's federal budget to include a 50:50 split for public health funding, equating to an extra $1.5 billion a year — saying she's not the only state minister making the call.

ABC News

5 Undervalued Insurance Stocks to Buy Right Now

Inflation has surged to multi-year highs, so the Fed is contemplating raising interest rates aggressively this year. And an increasing interest rate environment typically translates to revenue growth for financial companies, including insurers. Thus, we think it could be wise to bet on quality insurance stocks Cigna (CI), Humana (HUM),…

StockNews.com

Women's health boost ahead of federal

More than $80 million will be spent on genetic testing for those planning pregnancy, while $58 million will be spent on endometriosis treatment.

AAP

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ABC News

Endometriosis clinics to be set up in every state and territory, pregnancy screening made free of charge

The government announces it will spend just under $60 million over the next four years on new clinics that specialise in endometriosis treatment in every state and territory, as well as funding to make pregnancy screening for common diseases free.

Tribune News Service

Administration faces risks in decision on public health emergency

More than two years into the country’s declared public health emergency, the Biden administration faces a dilemma about whether and when to end it.

Roll Call

Administration faces risks in decision on public health emergency - Roll Call

The administration is under pressure to end the public health emergency but doing so could take away insurance for millions of Americans.

ABC News

After 16 years without teeth, a stranger's donation changed Jane's smile

Choosing between paying rent or seeing the dentist, dental care is out of reach for many Tasmanians.

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Tribune News Service

Medicare Advantage plans send pals to seniors’ homes for companionship — and profits

Widowed and usually living alone, Gloria Bailey walks with a cane after two knee replacement surgeries and needs help with housekeeping.

ABC News

Critics say Australia's private health insurance system is broken. Here's what they say we can do to fix it

It's a question many Australians are asking when confronted with their private health insurance payments these days: Why are the premiums so high? The answer is complex.

Salon

GOP's new plan: Tax the poor even more

Rick Scott believes he can get elected president on a program of making inequality great again. He may be right

Chicago Sun-Times

Alzheimer’s patients divided on costly new drug: a ‘magic pill’ or ‘risk I’m willing to take’

Medicare has proposed limiting coverage of Aduhelm. Key groups representing patients and families are pressing to make it more widely available. Among people facing the disease, the outlook is more nuanced.

The Independent UK

Limits on insulin costs revived in push for Senate action

Legislation to limit insulin costs for people with diabetes is getting a new push in the Senate

Benzinga

This Microcap Pharma Stock Almost Doubled Today - Read Why

UnitedHealthcare has added Kala Pharmaceuticals Inc's (NASDAQ:KALA) Eysuvis (loteprednol etabonate ophthalmic suspension) 0.25% as a covered brand on its commercial formularies effective March 2022. Eysuvis now has coverage for approximately 118 million lives or 70% of all commercial lives. Kala also announced that Cigna Medicare had added Eysuvis as a preferred brand effective…

AAP

Most GP visits now bulk-billed: Hunt

Health Minister Greg Hunt says the government remains committed to Medicare with almost nine out 10 GP visits provided with no out-of-pocket cost.

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