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A 2023 KFF survey found only 34% of people 65+ knew there’s a federal law (2022’s Inflation Reduction Act) that limits out-of-pocket prescription drug costs for people with Medicare.
In the new Commonwealth Fund survey, 12% of people with Medicare Advantage said they couldn’t afford care because of co-payments or deductibles vs. just 7% of people with Traditional Medicare.
UnitedHealth Group, the largest Medicare Advantage provider with 7.6 million people in its plans, generated $257 billion in premium revenues in 2022, some 13% over the previous year.
Will Medicare's so-called "donut hole" still exist? No, according to Medicare. "Because of the prescription drug law, the coverage gap ends on Dec. 31, 2024," its website states .
When you take all of these together, it should make you question your decision to sign up.
Jimmy Carter signs Medicare-Medicaid Anti-Fraud and Abuse Amendments into law. The Office of Inspector General for the U.S. Department of Health and Human Services, as mandated by Public Law 95-452 (as amended), is established to protect the integrity of Department of Health and Human Services (HHS) programs, to include Medicare and Medicaid programs, as well as the health and welfare of the ...
You may have heard that Medicare is expected to run out of money in 2031, about eight years from now. Although that’s not exactly true, the program is facing serious headwinds that should ...
Many states do not allow people access to Medicaid, [clarification needed] even in cases of extreme poverty, if no minor children are present in the home and they have not proven they are disabled. These people have no recourse to government provided healthcare and must rely on private charitable health programs, if any exist, in their area. [6]