Affordable Care Act saving taxpayer money at record pace

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Bfgrn, Feb 14, 2012.

  1. Bfgrn
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    Bfgrn Gold Member

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    Provisions in the Affordable Care Act make it one of the toughest anti-fraud laws in history. The results? Another record setting year.

    Feds recover $4.1B in health care fraud in 2011

    Federal authorities say they recovered $4.1 billion in health care fraud judgments last year, a record high which officials on Monday credited to new tools for cracking down on deceitful Medicare claims.

    The recovered funds are up roughly 50 percent from 2009. Attorney General Eric Holder and Department of Health and Human Services Secretary Kathleen Sebelius were expected to make the announcement at a news conference Tuesday.

    more


    Nothing turns out to be so oppressive and unjust as a feeble government.
    Edmund Burke
     
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  2. editec
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    editec Mr. Forgot-it-All

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    This is good news.

    Medicare fraud is, I am informed, one the cash cows of the American based Russian mafia.
     
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  3. theHawk
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    theHawk Registered Conservative

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    All entitlement programs are subjects of massive fraud. Hence why we shouldn't have them.
     
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  4. Epsilon Delta
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    Epsilon Delta Jedi Master

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    Yeah, but it has something to do with the government, so I think its a failure. Get Government out of my Medicare!!! Stop entitlements!! Save Social Security!! Eliminate the deficit!! Increase military spending!!

    <_<

    >_>

    <_>
     
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  5. chanel
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    chanel Senior Member

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    Per person cost of federal high-risk medical plan doubles - The Washington Post
     
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  6. daveman
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    daveman Gold Member

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    ObamaCare Causes Health Insurance Premiums to Rise
    Health insurance costs continue to rise as President Obama’s healthcare overhaul begins to affect Americans’ insurance premiums, according to a study by the Kaiser Family Foundation and the Health Research and Educational Trust (HRET). Leaders in health policy analysis and communication, Kaiser and HRET found that annual family insurance premiums have spiked this year at a rate three times higher than in 2010, significantly outpacing wage increases and general inflation.

    --

    According to Kaiser’s and HRET’s analysis of employer-based health plans, ObamaCare could be responsible for as much as 50 percent of the premium hike. Altman initially denied that the healthcare reform law contributed to the increase, but later conceded that the law probably accounted for one to two percentage points of the nine-percent increase this year. That increase "reflects the costs of providing prevention benefits without cost-sharing," Altman said. "It reflects the costs of covering young adults up to 26 years of age under their parents’ policies. Those are also very popular benefits, according to our tracking polls."​
     
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  7. Greenbeard
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    Greenbeard Gold Member

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    Per enrollee spending is higher than anticipated; total spending on the program is still well below what was expected at the outset. A couple years ago the CMS actuary predicted the $5 billion allocated to the PCIPs would be exhausted this year; as it is, they've only committed something like 10-15% of the funding so far.

    For the math-challenged: 1 percent out of a 9 percent increase is not "50 percent of the premium hike."
     
  8. daveman
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    daveman Gold Member

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    For the reading-challenged:
    According to Kaiser’s and HRET’s analysis of employer-based health plans, ObamaCare could be responsible for as much as 50 percent of the premium hike. Altman initially denied that the healthcare reform law contributed to the increase, but later conceded that the law probably accounted for one to two percentage points of the nine-percent increase this year. That increase "reflects the costs of providing prevention benefits without cost-sharing," Altman said. "It reflects the costs of covering young adults up to 26 years of age under their parents’ policies. Those are also very popular benefits, according to our tracking polls."​
    Kaiser and HRET say ObamaCare could be responsible for as much as 50% of the premium hike.

    Altman said "the law probably accounted for one to two percentage points of the nine-percent increase this year", after denying it had any effect at all. That's his opinion. He's not quoting the study.

    ObamaCare is costing Americans more money. And we're supposed to be grateful for that?
     
  9. rightwinger
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    rightwinger Paid Messageboard Poster Supporting Member

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    Another success story for Obamacare

    It keeps getting better and better
     
  10. uscitizen
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    uscitizen Senior Member

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    By that same ilogic we should not allow Catholics because some are pedophiles and misuse their religion?
     

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