The Congressional Budget Office has updated its estimates of how many people will pay the penalty for failing to have health insurance, finding that of the 30 million uninsured in 2016 only about 7 million will have to pay a penalty and two-thirds of those are lower income individuals. The amounts collected are also projected to be lower than previously estimated.
http://www.cbo.gov/sites/default/files/cbofiles/attachments/45397-IndividualMandate.pdfThe Office of Inspector General of HHS has issued a report saying that CMS likely overpaid for office visits in Medicare by $6.7 billion and recommended that CMS take efforts to recover this money and to track abusive physicians better. CMS basically blew OIG off, I mean after all, what's a few billion more of wasted taxpayer funds.
https://oig.hhs.gov/oei/reports/oei-04-10-00181.pdfThe Center for Public Integrity has launched a series of articles on how Medicare Advantage plans use diagnostic coding to secure higher reimbursements, like adding to pressure to reform payments and the practice of home visits to secure diagnostic codes.
http://www.publicintegrity.org/2014/06/04/14840/why-medicare-advantage-costs-taxpayers-billions-more-it-should?utm_campaign=KHN%3A+Daily+Health+Policy+Report&utm_source=hs_email&utm_medium=email&utm_content=13083223&_hsenc=p2ANqtz-8IwGluHUgpMFkK2KmIDBDHi0Zpd9MdblpwfWf5hldNCukPLexirwcMUG2UrX8XQCxefi8UzhmgkPod1FDUng6Y88v2QA&_hsmi=13083223A survey for Enroll America, funded by Robert Wood Johnson Foundation, explores why some people did and did not enroll on the exchanges in its initial open enrollment period.
Read More
Premier, the large hospital group purchasing company, issued results from a survey of hospital leaders, showing the 40% are dissatisfied with their EHR, but they expect HIT to be the area with their largest capital expenditures. These leaders said the biggest drivers of health care costs are labor costs and legislative and regulatory requirements.
https://www.premierinc.com/wps/wcm/connect/ed2fbb69-ac0d-480c-a663-16619d116d3c/Spring-2014-EO-C-suite-Survey-Whitepaper.pdf?MOD=AJPERESNot that we really need any more evidence, but a Government Accounting Office report finds that physicians who own a physical therapy practice refer more Medicare beneficiaries to physical therapy than do doctors with no ownership interest, although less services per beneficiary are received. This suggests that those with an ownership interest are referring patients with less of a need.
http://www.gao.gov/assets/670/662860.pdfThe latest Mark Farrah Associates report on health plan enrollments reveals that most large insurers continue to show growth.
Read More
According to a survey, one third of Americans say that the health reform law implementation will cause them to delay retirement because of higher health care costs.
http://www.lifehealthpro.com/2014/06/03/one-third-of-americans-say-obamacare-will-delay-re?eNL=538e3a92160ba062578b45cc&utm_source=LifeHealthProNewsFlash&utm_medium=eNL&utm_campaign=LifeHealthPro_eNLs&_LID=97699543Truven Health Analytics' report on employer health plan cost trends shows that in 2013 spending moderated due to lower hospital and drug costs.
Read More