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August 27, 2012

 

In This Issue
CBO Says Even with a Slower rate of Growth, Public Health Assistance Programs Are REALLY Expensive
NO ICD 10 Any Time Soon
The Exchange Money Keeps Flowing
This Week in Washington—Party Interrupted?
What We're Reading
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CBO Says Even with a Slower rate of Growth, Public Health Assistance Programs Are REALLY Expensive

The Congressional Budget Office released its updated economic forecasts last week, and in addition to containing some pretty grim news about the overall state of the economy, it also made some predictions about the overall cost and status of government spending on public health programs such as Medicare and Medicaid. Bottom line, while the general rate of public health spending has slowed recently, public health assistance programs are still expensive...  Read More

NO ICD 10 Any Time Soon
Last week the federal Department of Health and Human Services (HHS) released a final rule establishing unique identifiers for health plans, as part of its efforts to save as much as $6 billion over 10 years by cutting excess paperwork and red tape. The part about this rule we found most interesting is that it officially delays implementation of the new ICD-10 provider billing coding system by one year, from October 1, 2013 to October 1, 2014... Read More
The Exchange Money Keeps Flowing
HHS disbursed a substantial amount of money to key states this past week in order to further their efforts in creating state health benefit exchanges or establishing a partnership exchange with the federal government. The states of California, Connecticut, Hawaii, Iowa, Maryland, Nevada, New York, and Vermont were all awarded exchange establishment grants on August 23... Read More
This Week in Washington—Party Interrupted?
This week, most people in Washington are following Tampa, Florida and what is rapidly turning out to be a hurricane party blended with a major national political event. The Republican National Convention has already been postponed for a day due to looming Tropical Storm Isaac, and officials there are frantically revising the event's schedule on an almost hourly basis... Read More
What We're Reading
When it comes to Medicare and the presidential race, this week we must go with one of our favorite lines from one of our favorite movies, Moonstruck. “I’m so confused!”... Read More
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