Medicare’s new move towards common diseases

The Medicare-covered intensive cardiac rehabilitation program called the Dr. Dean Ornish’s Program for Reversing Heart Disease has lessened patients’ risk of recurring heart attacks and other symptoms of heart disease through complete lifestyle modifications. A recent study of 2,974 Highmark … Continue reading

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US Medicare to cover Edwards Sapien heart valve

The US Medicare Plans and Medicaid federal health insurance programs will cover the non-invasive Sapien heart valve replacement system from Edwards Lifesciences Corp, as per US regulators. The Sapien system, which is threaded to the diseased heart through a slit … Continue reading

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Nationwide Mutual Insurance Company makes public Soon-to-be-Retired Study

A Recent Nationwide Financial survey has found that almost half of soon-to- be-retired, high-net-worth Americans are scared of what health care costs may do to their retirement plans, and near three in four hold that health care costs behaving erratically … Continue reading

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Fidelity® expects Couples Retiring in 2012 will require $240,000 to pay for Medical costs during Retirement

As per the latest retiree health care costs estimate calculated by Fidelity Investments®, a 65-year-old couple retiring in 2012 is projected to need $240,0001 to cover medical expenses all through retirement. This shows a 4 percent increase from last year, … Continue reading

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Chary Medicare Bills discovered at 2,600 U.S. Pharmacies

Government investigators have found that almost 2,600 U.S. drug stores, or 4 percent of all retail pharmacies, may be having suspicious billing to Medicare Plan. Some pharmacies distributed curiously high percentages of painkillers and other controlled substances or costly brand- … Continue reading

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Health Net locks Sale of Medicare PDP Business

Health Net, Inc. declared that its subsidiary, Health Net Life Insurance Company, completed the sale of its Medicare stand-alone Prescription Drug Plan (Medicare PDP) business to a subsidiary of CVS Caremark. According to Health Net it announced the sale on … Continue reading

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Medicare interruption seen if health law is struck

Medicare PLAN’S payment system, the crucial network that manages 100 million monthly claims, could freeze up if President Barack Obama’s health care law is abruptly upturned, as per the administration’s information to the courts. Though Obama’s overhaul made major cuts … Continue reading

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Medicare Fraud Strike Force indicts 107 individuals for approximately $452 million in false billing

Health and Human Services (HHS) Secretary Kathleen Sebelius and Attorney General Eric Holder announced today that a nationwide takedown by Medicare plans Fraud Strike Force operations in seven cities has led to charges against 107 individuals, including doctors, nurses and … Continue reading

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Oxford Life Insurance Company promoted by A.M. Best

A. M. Best, the world’s oldest and most dependable insurance rating and information source, has modified its position to positive from stable and confirmed the financial strength rating of B++ (Very Good) of its subsidiary Oxford Life Insurance Company (Oxford … Continue reading

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Disability Insurance reason for Pain

Whenever the trustees of Social Security and Medicare publish their report on the programs’ finances they set off a round of partisan internal strife about the solvency of the twin programs encompassing pensions and health care for retired Americans. Disability … Continue reading

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