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Premiums Leap 14 Points On Medicare Private Policies

February 19th, 2010

Health

A study to be released Friday by a major consulting firm found that premiums for Medicare Advantage plans offering medical and prescription drug coverage jumped 14.2 percent on average in 2010, after an increase of only 5.2 percent the previous year. Some 8.5 million elderly and disabled Americans are in the plans, which provide more comprehensive coverage than traditional Medicare.
“These premium increases fit within a broader trend of increased financial pressure on the insured,” said Lindsey Spindle, a vice president of Avalere Health, a data analysis firm that produced the statistical study. “We see very large premium increases and a - - - - >



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Happiness Breeds Healthy Hearts, Cuts Cardiac Risk In Study

February 18th, 2010

Health

Those who scored the highest on a five-point scale measuring joy, happiness, excitement, enthusiasm and contentment were the least likely to have heart disease at the end of the study, according to the report today in the European Heart Journal. The dispositions of the 1,739 volunteers were evaluated by nurses at the start of the 1995 Nova Scotia Health Survey and in 2005.
While positive emotions have been tied to a stronger immune system, less diabetes and higher survival rates, few studies examined whether it protects the - - - - >



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Bayers Condon Sees China Sales Boost Over 20% In Next 5 Years

February 15th, 2010

Health

Sustainable growth is more important than regaining the No. 1 spot that Bayer probably lost last year in China to Pfizer Inc., said Liam Condon, who returned to Germany at the end of last year to run Bayers drug division in its home market. Bayer should remain a “top three company” in China, he said.
“If you see the amount of money the government is investing in health care, for sure the overall market is only going to grow in China,” Condon said. Bayers sales will increase - - - - >



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Overhauls Failure Will Ignite U.s. Health Industry Mergers

February 8th, 2010

Health

With Congress sweeping overhaul of the health system stalled, industry will seek its own answers to a push by government and the private sector to rein in costs, said Curtis Lane, senior managing director at MTS Health Partners, a New York-based equity fund. An aging U.S. population will spur demand for services and, at the same time, boost pressure to control spending, he said.
One solution will be increased consolidation, with companies led by WellPoint Inc., the biggest U.S. insurer by enrollment, and Community Health Systems Inc., - - - - >



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Health-care Burden Shifts to U.s. Government as Spending Soars

February 4th, 2010

Health

Spending already jumped to $2.5 trillion, or 17.3 percent of the economy, in 2009, the economists from the U.S. Centers for Medicare and Medicaid Services said in their yearly estimate, published today in the journal Health Affairs. The increase in share of gross domestic product, from 16.2 percent in 2008, was the biggest since record keeping began in 1960.
The analysts, whose agency manages the governments largest health-insurance programs, said their 11-year projections reflect “the influence of the recession” that began in December 2007 and the aging - - - - >



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Obama Says U.s. Health-care Overhaul Will Have Immediate Impact

January 10th, 2010

Health

In his weekly radio and Internet address, Obama said the measure making its way through Congress would build a new foundation for economic growth by reining in health-care costs and making affordable health care more available.
While many of the changes wont take place for several years, “there are dozens of protections and benefits that will take effect this year,” he said.
“Once I sign health insurance reform into law, doctors and patients will - - - - >



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Us Health Spending Slowed In 2008

January 5th, 2010

Health

Health spending didnt slow down as much as the nations overall economic output, the study said, in keeping with a decades-old trend that has now pushed health care costs to account for over 16 percent of the nations economy.
The figures underscore the challenges confronting President Barack Obama and lawmakers seeking to overhaul the system. Obama has repeatedly cited spiraling health costs as one of the main reasons Congress needs to pass his health plan, and administration officials said the findings highlighted the need for quick action.
“This report contains some welcome news and yet another warning sign,” said Jonathan Blum, a - - - - >



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Federal Share Of U.s. Health Spending Ascends Faster Than Private

January 5th, 2010

Health

Medicare and Medicaid, the government health programs for elderly, disabled and poor residents, cost the federal government 8 percent more in 2008 than in 2007, according to the report from the Centers for Medicare & Medicaid Services, the U.S. agency in charge of the programs. Spending on health care by government, businesses and consumers grew 4.4 percent to $2.3 trillion, according to the report published today in the health- policy journal Health Affairs. Federal payments made up more than one-third of the total, the highest level in two decades.
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Federal Share Of U.s. Health Spending Jumps Faster Than Private

January 5th, 2010

Health

Medicare and Medicaid, the government health programs for elderly, disabled and poor residents, cost the federal government 8 percent more in 2008 than in 2007, according to the report from the Centers for Medicare & Medicaid Services, the U.S. agency in charge of the programs. Spending on health care by government, businesses and consumers grew 4.4 percent to $2.3 trillion, according to the report published today in the health- policy journal Health Affairs. Federal payments made up more than one-third of the total, the highest level in two decades.
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Trial Lawyers Sidestep Malpractice Curbs With Blitz In Congress

December 30th, 2009

Health

On a single day in October, lawmakers received visits from more than 70 victims of doctors errors and the attorneys who represented them. And the trial lawyers political action committee gave members of the Democratic congressional majority more money than all but two other PACs.
Such efforts helped trial lawyers avoid any of the concessions that other groups were forced to make to advance the cause of overhauling health care, despite polls showing strong support for curbs such as award caps on medical-malpractice lawsuits. Even organized labor, - - - - >



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