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Healthcare
Clear Choice Health Plans, Inc. (OTCBB: CCHN) today announced it has concluded a settlement agreement that completely absolves the company against liabilities related to a lawsuit filed in 2007 by Priscilla Evans and Dale Evans in Deschutes County ...
Publ.Date : Fri, 29 Aug 2008 22:53:00 GMT
WASHINGTON -- What does a company do when there's anecdotal evidence that two of its drugs are equally effective in treating a leading cause of blindness in the elderly, one costing patients $60 per treatment and the other $2,000? In the case of ...
Publ.Date : Wed, 27 Aug 2008 19:06:00 GMT
When a drug goes generic, the price plunges. But the formula Medicare uses to pay for certain drugs is slow to reflect that price drop, which means the program winds up overpaying for months. Read all about it in this report out today from Health and ...
Publ.Date : Wed, 27 Aug 2008 21:22:00 GMT
CARMEL, Ind., Aug. 29 /PRNewswire/ -- Conseco Insurance Company, a life and health insurance company, today announced the availability of its new, indexed universal life insurance product, ConsecoLifeOptions. The policy provides upside potential with ...
Publ.Date : Fri, 29 Aug 2008 20:08:00 GMT
Medicare overpaid for drugs that had generic versions because of a time lag in computing prices from when the cheaper medicines became available, the U.S. Health and Human Services Department's inspector general said. Payments for cancer drug ...
Publ.Date : Thu, 28 Aug 2008 06:19:00 GMT
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Health Insurance History
by Stive S.
A brief history of
health insurance
coverage reveals that in the aftermath of World War II, the US government sought
to provide maximum benefits to the populations in her efforts to reduce the
burden otherwise incurred on rise in wages. This policy continued for a number
of years, until the introduction of relevant laws in 1950 to provide Medicare
for the needy populations of the state.
This was also the first time that the government participated in any form of
financing health care on behalf of the populations, and this was accomplished
through direct payment to the various health care providers including doctors,
physicians and hospitals.
The US government also introduced the famous "Medical Assistance to the Aged"
legislation in the decade of 1960s, opening doors of medical assistance and
other health care services to the elderly and poor populations though putting
restrictions on the extent of medical expenses.
This was followed by the passage of legislation for the establishment of
Medicare and Medicaid Programs in 1965 making a part of the Social Security Act.
Responsibilities of these programs was entrusted to the Department of Health,
Education and Welfare, all of who are presently covered under a single
department of Health and Human Services.
The Medicare program was however run by the Social Security Administration,
while the Medicaid program was run by the Social and Rehabilitation Service.
Both these areas were then transferred to the newly formed Health Care Financing
Administration (HCFA) as of year 1977, and renamed again as the Centers for
Medicare & Medicaid Services (CMS).
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