Kissito Alerts May 13
May 18, 2009 by admin
Filed under Healthcare Alerts
Source: McKnights
Title: New injection of concern medicare part a to become insolvent in 8 years, report says
Date: 5/13/09
- According to a new study by the Social Security and medicare Boards of trustees issued Tues, if trends continue, the Medicare Part A fund will become insolvent in 2017.
- As recently as 2003, the fund was expected to last until at least 2026. In 2004, the trustees revised that estimate and predicted the fund would run dry in 2019. Late last year, CMS projected that the program could go broke sometime between 2016 and 2018.
- Medicare Parts B and D are expected to remain in relatively good shape in the future, however, about one quarter of Part B enrollees will be subject to unusually large premium increases in the next two years.
Source: McKnights
Title: Nursing home groups suggest one billion medicare cuts could cost even more
Date: 5/13/09
- Nursing home reps released a report stating that cuts could carry additional billions of dollars in unintended costs and consequences for both patients and providers.
- Costs include more than $3.6 B in lost business activity and labor income.
Source: McKnights
Title: CMS released draft version of MDS 3.0 for nursing homes
Date: 5/12/09
- On Monday, CMS posted a draft version of the new MDS 3.0 for nursing homes.
- The final version is slated for release in oct. 2009 and will include the item set, data specifications and RAI manual.
- Questions and Comments on draft version should be sent to MDS30Comments@cms.hhs.gov
Source: Health Care Finance News
Title: Report: Pushing health care into digital age could save trillions
Date: 5/12/09
URL: www.healthcarefinancenews.com/news/report-pushing-healthcare-digital-age-could-save-trillions
- Automating the nation’s health care system could save the government nearly $600 B in spending over the next decade and $9 T over the next 25 years.
- Health reform will spark a productivity boom in health care.
- Productivity growth can cut in half the rise in projected Medicaid and Medicare spending.
- Health reform is entitlement reform.
Examples of poor health care are: failure of chronic care management, lack of performance data, insufficient competition in insurance, ineffective health system design, needless administrative complexity, and inappropriate end-of-life care.
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