Medicare Monitor

Medicare Monitor

The Palm Beach Post's veteran Washington correspondent, Larry Lipman, tracks policy makers and interest groups who are shaping the future of the federal health insurance program for the elderly.

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Medicare at a glance
Medicare is the federal health care system that covers about 36 million people age 65 and older, plus 7 million disabled. It has four parts:

Part A Covers inpatient hospital care as well as nursing home, home health and hospice care. Nearly all elderly and disabled Americans qualify for Part A coverage.
Financed by a 2.9 percent payroll tax divided equally between employees and employers.

Part B Covers outpatient care, doctor’s services, durable medical equipment, home health visits and preventive care. Part B coverage is voluntary, but roughly 40 million are enrolled.
Financed by beneficiary premiums and federal general revenue. Current monthly premiums are $93.50. Starting this year, individuals whose taxable income is more than $80,000 will pay a higher premium.

Part C Medicare Advantage managed care plans provide health care normally covered by Medicare Parts A and B. They may also provide some other benefits, including prescription drugs, not covered by traditional Medicare. Oart C is voluntary; about 7 million beneficiaries are enrolled.
Financed by Medicare and beneficiary premiums, which vary among plans.

Part D Medicare prescription drug plans come in two types, those that just cover prescription drugs and those that cover drugs as part of a broader managed care benefit. Part D is voluntary. About 9.2 million beneficiaries are in stand-alone drug plans and about 5.1 million are in managed care drug plans.
The plans are private and financed by Medicare and beneficiary premiums, which vary among plans.
-- Larry Lipman

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The entry titled "GOP Medicare package unveiled," and any of the comments about it.

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Home > Medicare Monitor > Archives > 2008 > June > 04 > Entry

GOP Medicare package unveiled

By Larry Lipman | Wednesday, June 4, 2008, 01:48 PM

Sometime this month, Congress will return to a Medicare package to avert a 10.1 pay cut for physicians that is scheduled to begin July 1.

Bipartisan negotiations have broken down in the Senate, so Chuck Grassley of Iowa, the ranking Republican on the Senate Finance Committee, today released the GOP provisions for a proposed deal.

Instead of the scheduled 10.1 percent pay cut, doctors would continue receiving a 0.5 percent pay raise through December and an additional 1.1 percent increase for 2009 as recommended by the Medicare Payment Advisory Commission.

See the full proposal here.

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