tci Medicare Compliance & Reimbursement - 2004 Issue 7

Medicare Reform Law: Bush To Project Medicare Bill Over $530 Billion

Medicare reform to cost much more than originally projected.When it issues its budget on Feb. 2, the Bush administration will project a 10-year cost in excess of $530 billion for last winter's Medicare overhaul and prescription-drug benefit.This estimate is substantially greater than the $395 billion predicted by the Congressional Budget Office in November and again on Jan. 26. The White House isn't explaining the discrepancy, but the legislation substantially increases payments to Medicare private plans, in most cases paying them a premium over fee-for-service costs, and the administration's estimates of how many people will join such plans...

To read the full article, sign in and subscribe to tci Medicare Compliance & Reimbursement.

Thank you for choosing Find-A-Code, please Sign In to remove ads.