BY BRENDA LONG: More than six in 10 Americans worry about not having enough money in retirement, according to a 2016 Gallup Poll of American’s financial worries. Paying for health care is the top retirement concern, according to a 2014 survey by Merrill Lynch and Age Wave, but less than 15 percent of those nearing retirement age have estimated how much they will spend on health care in retirement. Medicare pays for some medical costs but not all. Strategic planning now for the cost of health care later is key. (read more)
BY WASHINGTON EXAMINER: The House Republican Budget trims mandatory spending by $203 billion over the next decade, a period when the federal government will spend more than $40 trillion.
How do Republicans justify such trifling cuts when they control the House, the Senate, and the White House?
“We’d like to have more than $203 billion,” House Budget Committee Chairwoman Diane Black told us in an editorial board interview with the Washington Examiner. But? “We cannot touch Medicare.”
And why not? “The President has already made that very clear, that Medicare was off the table.” (read more)
BY JAMES SWANN: Medicare claims audits have long been the bane of physicians, often entailing exhaustive medical records requests and increased paperwork. But things may be changing, courtesy of a recent announcement from the Centers for Medicare & Medicaid Services about the nationwide launch of a streamlined audit process for Medicare Administrative Contractors. (read more)