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New Medicare Bill Update

admin — Mon, 18 Aug 2008 23:49:31 +0000

From the Pacesetter magazine from Genworth Financial Aug/Sep 2008 Congress overrode the President’s veto to pass the Medicare Improvements for Patients and Providers Act of 2008 into law on July 15, 2008. The main focus of this bill was to eliminate the planned 10.6% decrease in payments to doctors, but the act also contained a number [...]

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Google Knol

admin — Fri, 15 Aug 2008 03:22:15 +0000

Google is trying to expand the web and make it easier for people to find information that has been written by an expert. With the Internet today, you just never know if you are getting real information, so they created the Knol, which is a unit of knowledge. Ours which you can find through the [...]

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2009 Medicare Part D (PDP) Standard Benefit Design

admin — Fri, 01 Aug 2008 22:58:28 +0000

Here is the Standard 2009 PDP plan design versus 2008: Part D Benefit Parameters - Standard Benefit 2008 2009 Phase I Deductible $275 $295 Phase II Initial Coverage Limit $2,510 $2,700 Phase III Out-of-Pocket Threshold $4,050 $4,350 Phase IV Catestrophic Phase Greater of 5% or Generic/Preferred $2.25 $2.40 Other $5.60 $6.00 Here is the FULL CMS PRESS RELEASE (page to bottom)

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GM to Eliminate Health Benefits for Salaried Retirees who are 65 and Older

admin — Mon, 21 Jul 2008 12:46:26 +0000

This story is from the Michigan Business Review: General Motors Corp. retirees are likely in for sticker shock after the company announced it is cutting health benefits for retirees older than 65. There are about 97,000 salaried retirees and at least half will be affected by the change. The cuts were announced as part of a $15 [...]

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Congress overrides Presidential veto of Medicare bill

admin — Wed, 16 Jul 2008 07:57:43 +0000

This is from NAHU: The Los Angeles Times (7/16, Gaouette) reports that “Congress delivered a stern rebuke to President Bush on Tuesday, overriding his veto of a Medicare bill, and preventing pay cuts to doctors who treat seniors, the disabled, and military personnel.” The measure “halts a scheduled 10.6 percent cut in payments to physicians, and [...]

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Bush Vetoes Medicare Bill

admin — Tue, 15 Jul 2008 01:56:13 +0000

President Bush vetoed legislation Tuesday that would undo a 10.6 percent cut in Medicare fees to physicians. The expected veto sets up action in the House and Senate, with both chambers planning on holding votes later Tuesday aiming to overturn Bush’s veto. Complete story at The Hill.com.

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Medicare Advantage takes a blow

admin — Thu, 10 Jul 2008 01:35:42 +0000

And so the process begins… In the article below, it talks about the recient law that was passed that prevents the cuts in payments to doctors who provide care for Medicare patients which is good news for the majority of our seniors. The payments were sustained by reducing the amount the government pays to the [...]

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Medicare Supplement Rate Increase for United World, a subsidiary of Mutual of Omaha, in Illinois (IL), Iowa (IA) and Oklahoma (OK)

admin — Wed, 09 Jul 2008 20:00:54 +0000

Effective 9/1/2008, United World, a subsidiary of Mutual of Omaha, will be taking a rate increase in the following states: Illinois (IL), Iowa (IA) and Oklahoma (OK). The rate increases are as follows: Iowa - Plans C & D = 0%; Plans A, B & G = 9%; Plan F = 14% Illinois - Plans A & [...]

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Kennedy returns to decide Medicare vote

admin — Wed, 09 Jul 2008 12:21:58 +0000

Kennedy returns to vote on Medicare procedural vote. Several Republicans flipped and the procedural vote passed 69-30. Following the procedural vote, the Senate passed the bill with a veto-proof majority. Here is the full story at TheHill.com

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Medicare Supplement Rate Increase for United Teacher Associates, a subsidiary of the Great American Companies, in Iowa (IA), Kansas (KS), Nebraska (NE), Ohio (OH), Oklahoma (OK), South Carolina (SC), and Utah (UT)

admin — Wed, 02 Jul 2008 03:08:48 +0000

Effective 8/1/08, United Teacher Associates, a subsidiary of The Great American Companies, is taking the following rate actions in the following states: Iowa: 8% increase on Plans H, I and J Kansas: 8% increase on Plan J Nebraska: 16% increase on Plans A, B, C, D, F and G Ohio: 8% increase on Plans H, I and J Oklahoma: 8% [...]

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