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Doctors face deep Medicare pay reductions — but slightly less than original estimates suggest

Without congressional intervention, physicians will face a 27.4 percent Medicare pay cut on Jan. 1. This reduction is slightly smaller than the earlier estimate of 29.5 percent.

3 Nov 2011

Long-term care insurance gets boost from federal workers

In September, the Office of Personnel Management announced that it had added 45,000 people to its long-term care insurance rolls - a 20 percent jump after a three-month enrollment period. It's the largest long-term care plan in the country, with 297,000 enrollees - all government employees or their families. The surge is notable because long-term care insurance has attracted so few new customers in recent years, even though an estimated 15 million people will need long-term services by 2020.

3 Nov 2011

Medicare fee payments for outpatient care to go up 1.9 percent; payments for home health will drop

Hospital operators such as Tenet Healthcare Corp. (THC) will get higher federal payments for emergency room visits, diagnostic imaging and other outpatient services in 2012 under U.S. rules. Medicare payments for outpatient services will rise 1.9 percent to $41 billion and dialysis clinics, cancer centers and ambulatory surgery facilities also are scheduled to receive modest fee increases from the U.S. health program for the elderly and disabled under regulations issued yesterday.

3 Nov 2011

State Medicaid Directors seek to sway feds on eligibility rules

In a letter to the Centers for Medicare and Medicaid Services, the state officials made recommendations about new regulations and asked for coordination between federal and state leaders. Meanwhile, in other Medicaid news, a New York doctor gets a big payout from his whistleblower lawsuit, and the Lousiania program reports a shortfall.

3 Nov 2011

Edwards Lifescience receives FDA approval for Sapien Transcatheter Heart Valve

The U.S. Food and Drug Administration today approved the first artificial heart valve that can replace an aortic heart valve damaged by senile aortic valve stenosis without open-heart surgery.

3 Nov 2011

Viewpoints: GOP intransigence on super committee; taxing health benefits would backfire; the need for care in defining essential benefits

There may be logic to Speaker John Boehner's insidious intransigence. Republicans keep saying no and Democrats keep offering more concessions. Super committee Republicans suggested instead a package based largely on cuts in Medicare, Medicaid and Social Security, combined with magical hundreds of billions they say would be produced by slashing assistance to the elderly and the vulnerable, by selling off government assets, and by the growth sparked by tax cuts.

3 Nov 2011

First Edition: November 2, 2011

In today's headlines, reports about Tuesday's super committee hearing and the message communicated by bipartisan budget hawks to the panel -- raise revenue and revamp health programs.

2 Nov 2011

DJO Global third quarter net sales increase 12.7% to $263.1 million

DJO Global, Inc., a leading global provider of medical device solutions for musculoskeletal health, vascular health and pain management, today announced financial results for its operating subsidiary, DJO Finance LLC, for the third quarter of fiscal 2011, ended October 1, 2011.

2 Nov 2011

Hospitals must improve tracking of serious errors, report finds

Medicare inspectors must do a better job of tracking reports of serious mistakes in care at the nation's hospitals, as well as of informing rating agencies of the errors, according to a report released Tuesday by the agency's inspector general.

2 Nov 2011

Alliances form among super committee members

Reuters reports that three Republicans and three Democrats are joining together in an effort to develop the framework of a deal themselves. Meanwhile, an outside organization - the AFL-CIO - is launching a campaign to defeat any Medicare, Medicaid or Social Security cuts the panel may ultimately propose. And, according to Politico, Social Security is in play as the panel's deliberations continue.

2 Nov 2011

State roundup: Ga., Minn. move slowly on exchanges

The entire Massachusetts congressional delegation is asking CMS to preserve the level of safety net funding and provider payments as the state tries to renew its Medicaid waiver. "We are concerned that changes proposed by CMS could significantly threaten payments to Massachusetts health care providers providing care for the most vulnerable populations," Sens. John Kerry and Scott Brown and the 10 House members in the state's delegation wrote.

2 Nov 2011

Home health payments will fall 2.3% in 2012

The pay cut for home health agencies was announced in a regulation that was issued Monday. Although this reduction is less than initially proposed and will be phased in over two years, industry voices described it as "severe."

2 Nov 2011

Early retirees' health insurance fund running out

A federal report predicts this $5 billion account created as part of the health law will be drained by 2012. In related news, one senator criticizes the program's handling. Also drawing criticism are exchange regulations, which advocates say could undermine the law's goal of expanding health insurance. Meanwhile, the Department of Health and Human Services finalized standards - part of the administration's efforts to reduce health disparities - to track factors that affect people's health.

2 Nov 2011

NYC settles Medicaid suit; Wis. officials face deadline for new plan for health care for poor

New York City will pay the federal government $70 million to settle a lawsuit that accused the city of overbilling Medicaid by improperly approving home care for frail and elderly clients, both parties said on Monday.

2 Nov 2011

Teva third quarter net sales increase 2% to $4.34 billion

Teva Pharmaceutical Industries Ltd. today reported results for the quarter ended September 30, 2011.

2 Nov 2011

Viewpoints: Super committee clock is ticking; replacing CLASS; 'personhood' amendment in Miss.

There are only three weeks left for the Congressional supercommittee to come up with a plan to reduce the federal deficit by at least $1.2 trillion, and there is no sign that the panel is anywhere close to reaching an agreement. Only one side, in fact, seems to be trying - the Democrats - and it is being far too accommodating, given the fierce obstructionism of the other side, the Republicans.

2 Nov 2011

Watson third quarter net income increases 31% to $138.7 million

Watson Pharmaceuticals, Inc. today reported net revenue of $1.1 billion for the third quarter ended September 30, 2011, an increase of 23 percent when compared to $882.4 million in the third quarter 2010. On a non-GAAP basis, net income for the third quarter 2011 increased 31 percent to $138.7 million or $1.09 per diluted share, compared to $105.9 million or $0.85 per diluted share in the third quarter 2010.

1 Nov 2011

First Edition: November 1, 2011

Today's headlines include a report that the health law's early retirees' health insurance fund may be running out.

1 Nov 2011

Pressure mounts as clock ticks toward super committee's Thanksgiving deadline

The LA Times reports on how a deficit-reduction deal has so far eluded Congress while Politico outlines the politics that are at work in the process.

1 Nov 2011

Health care comments prominent on the trail to Iowa caucus

In a campaign speech to potential caucusgoers here this afternoon, presidential candidate Michele Bachmann colored her calls for the repeal of the federal health care law passed in 2010 with a brief history of health care. When she was a child, she said, a visit to the doctor in Waterloo, Iowa, cost just $5, and people who couldn't afford that often would receive free care at the physician's discretion. Such prices and charity care are impossible today, she argued, because of government intervention into the health care system and the threat of lawsuits.

1 Nov 2011