Medicare « Health Insurance Advisory

Welcome to the New Healthcare Law Center and State News

new healthcare reform lawThe new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), represents comprehensive healthcare reform legislation signed into law on March 23, 2010. It contains numerous provisions designed to protect consumers and promote low cost medical insurance, including many new taxes to pay for the cost.

In this section of the site, you can also obtain the following information specific to your state: available medical insurance options, efforts to regulate medical insurance premiums, healthcare, the individual medical insurance marketplace and the new healthcare law.

Our objective is to help Americans make sense of the new healthcare law by explaining key provisions in plain English and assisting individuals, families and the self-employed in using this information to find and secure affordable medical insurance.

Relief from costly prescription drug expenses for Medicare beneficiaries

The prescription coverage gap for Medicare, also known as the “donut hole,” is getting smaller and thus easier for millions of older and disabled Americans with costly prescription drug expenses this year. Based on new Medicare figures, the gap will shrink about 40 percent for those unfortunate enough to land in it. According to Medicare’s Office of the Actuary, the typical Medicare beneficiary who falls into the “donut hole” would have spent $1,504 this year on prescription drugs. That cost fell [...]

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Steeper Medicare expense cuts on horizon despite failure to reach deal

The inability of the congressional “Super Committee” to reach a deal automatically triggers a 2 percent across-the-board reduction in Medicare expenses, the government program that provides health insurance coverage to millions of older and disabled Americans. Slated to begin in 2013, the automatic Medicare expense cuts do not even represent a small dent in the U.S. healthcare industry, especially compared to the significant deficit reduction legislation of the past, such as the 1990s. The automatic cuts are likely to hit [...]

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Medicare Prescription Drug Donut Hole Update

The new healthcare law, called the Patent Protection and Affordable Care Act (PPACA) will eventually close the “donut hole” in the Medicare Part D Prescription Drug Program that limits benefits for seniors with more than $2,250 but less than $5,100 in annual drug costs. In 2011, brand-name drug makers will be required to provide discounts for prescriptions filled through Medicare Part D. Seniors in the Medicare Part D program reaching the donut hole will receive a 50% (fifty percent) discount on brand name [...]

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Doctors Brace for Medicare Pay Cuts in December 2010

Many doctors will stop taking Medicare cases if Congress allows looming cuts to go through.  The scheduled reduction in reimbursement rates have raised alarms that real damage to Medicare could result if the lame-duck Congress winds up in a partisan standoff and fails to act by Dec. 1, 2010.  That’s when an initial 23 percent reduction would hit. According to the Associated Press neither Democrats nor newly empowered Republicans want the sudden cuts, but there’s no consensus on how to [...]

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