Medicare

Some hospitals facing financial penalties from Medicare for readmitting too many patients soon after discharge have said they are being unfairly penalized. Hospitals that treat a large number of patients with limited income and education are more likely to face such penalties.

The Supreme Court’s decision today means the implementation of the Affordable Care Act can go forward, thus improving the delivery and affordability of medical care, says Timothy McBride, PhD, health economist and associate dean for public health at the Brown School at Washington University in St. Louis.

The U.S. remains on track to spend twice as much for health care as for food, yet millions are without insurance or uninsured. “Health insurance premiums also continue to rise – on average another 9 percent in 2011,” says Merton Bernstein, JD, leading health insurance expert and the Walter D. Coles Professor of Law Emeritus at Washington University in St. Louis. “Medical care costs can change direction if policy makers stop whistling past a significant contributor – non-benefit costs.”

Social Security recipients will receive a cost of living adjustment (COLA) of 3.6 percent beginning in 2012, the first increase since 2009. “COLA is welcome but will not fully maintain beneficiary purchasing power,” says Merton C. Bernstein, LLB, a nationally recognized expert on Social Security and the Walter D. Coles Professor Emeritus at Washington University in St. Louis School of Law. “The formula setting that rate does not meet fully the needs of Social Security recipients, especially when considering medical costs.”

McBrideThe health reform debate to date has been characterized by a lot of confusion and misinformation. “The conclusion that most of the uninsured either are voluntarily uninsured or do not need assistance is erroneous,” says Timothy McBride, Ph.D., leading health economist and associate dean of public health at the George Warren Brown School of Social Work at Washington University in St. Louis. The Census Bureau will announce the official health insurance estimates on Thursday, Sept. 10. According to McBride, because of the economic downturn, the number of uninsured may top 50 million.

A confluence of changes in the health-care system are going to lead to a perfect storm that will make us realize our health-care system needs a major overhaul, says Timothy D. McBride, Ph.D., leading health economist and professor of social work.

McBride”We are headed into a time when a confluence of changes are going to lead to a perfect storm, making us finally realize that our health care system needs a major overhaul,” says Timothy D. McBride, Ph.D., leading health economist and professor of social work. McBride is available to discuss candidates’ health care plans and universal health care.

McBride”The problems with Social Security can be solved easily compared to those of Medicare,” says Timothy McBride, leading health economist and associate dean for public health. “Social Security can be fixed right now, although most people don’t want to solve it with tax hikes. We cannot solve Medicare as easily. Medicare is in a serious crisis relative to Social Security,” he says. McBride is available to discuss Social Security and Medicare.

BernsteinAccess to affordable health care has been a recurring topic in current political discussions. Merton C. Bernstein, leading health insurance expert and law professor emeritus says that Medicare is the most practical platform for both extending coverage to everyone and taming medical cost inflation. He is available to discuss the candidates’ health care proposals.

“The problems with Social Security can be solved easily compared to those of Medicare,” says Timothy McBride, leading health economist and associate dean for public health at Washington University in St. Louis. “Social Security can be fixed right now, although most people don’t want to solve it with tax hikes. If passed today, a one-percentage point tax increase on both employers and employees could solve the Social Security problem for 75 years. If we don’t want to raise taxes, another option is to cut benefits by a similar amount and we’re done.” McBride says that the tax increase needed to fix Medicare would be six or seven percentage points in the long run. “We cannot solve Medicare as easily. Medicare is in a serious crisis relative to Social Security,” he says. McBride believes that as soon as the next President is elected “we will hear that we need to solve Medicare and Medicaid.”