Tag: Finance Committee
Invacare prepares for the worst in healthcare reform: freezes hiring, suspends merit raises
January 15, 2010Mike Moran
Invacare is taking very seriously a healthcare reform proposal that, if enacted, would cost the company an estimated $12 million to $14 million a year. Check out this document the company filed with the Securities and Exchange Commission Jan. 7.
The U.S. Senate and the U.S. House of Representatives each recently passed health care reform legislation that includes a new tax on medical device manufacturers, such as Invacare Corporation (the “Company”). The Senate version of health care...
If this doesn't work, heads should roll at CMS...and other random musing on healthcare
October 21, 2009Mike Moran
Sybil movie download Here are some random thoughts on the state of healthcare in this country today.
1. They new surety bond and accreditation requirements for DME that took effect earlier this month are intended to help reduce fraud and abuse. That means a year from now DME fraud and abuse should be much lower than it is today. If it is not, heads should roll at CMS, the NSC and other contractors charged with protecting the Medicare trust fund.
2. You'll never hear me complain about Social Security...
VGM analyzes DME provisions in Senate reform bill
October 20, 2009Mike Moran
The Senate Finance Committee has released the legislative language for its health reform bill, "America's Health Future Act of 2009." The committee approved the bill by a margin of 14 to 9 on Oct. 13.
Before it can move forward for a full Senate vote, the language must be combined with the Senate Health, Education, Labor and Pensions (HELP) Committee's health reform bill, “Affordable Health Choices Act.”
Here is an analysis by The VGM Group of the finance committee's DME provisions:
Sec....
Lincare's smiling
September 22, 2009Mike Moran
Lincare's shares have risen as much as 23% since Sen. Max Baucus, D-Mont., released a draft healthcare reform bill that doesn't contain cuts to home oxygen therapy, according to an article in the Wall Street Journal yesterday.
Here's the story in full, in case you're not registered to view the Journal's stories online:
Lincare Still Rallying As Health-Care Reform Leaves Out Oxygen
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Meal ticket for healthcare reform?
September 17, 2009Mike Moran
Bangkok Dangerous divx Sen. Max Baucus, D-Mont., chairman of the Finance Committee, released his highly anticipated draft healthcare reform bill yesterday, and HME, as expected, makes more than a fleeting appearance.
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AAHomecare notified members yesterday that the Baucus' draft bill contains, among others, the following HME-related provisions: ????? ???? ??????? ???? ? ????? ????????
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Healthcare reform clears Energy and Commerce
August 3, 2009Mike Moran
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Members of the House Energy and Commerce Committee approved a draft healthcare reform bill late on Friday before they took off for their August recess. Industry stakeholders are still trying to get a handle on what's in the bill. One thing they do know: It contains a provision that would eliminate the first-month purchase option for standard power wheelchairs but not complex power wheelchairs.
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Healthcare reform: House inches forward, Senate delays
July 31, 2009Mike Moran
The House's Energy and Commerce Committee is expected today to join two other committees in approving draft healthcare reform legislation.
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Just Business From an HME standpoint, industry stakeholders expect Energy and Commerce legislation to be “fundamentally similar” to the Ways and Means and Education and Labor legislation (See blog below for HME-related provisions).
In the Senate, leaders on the Finance Committee are expected to begin action on healthcare...
Healthcare reform: House reaches compromise
July 29, 2009Mike Moran
The Blue Dog Coalition, a group of fiscally conservative Democrats in the House, has reached a compromise with leaders in the House, according to a story
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just posted by CNN. Earlier this month the Ways and Means and Education and Labor committees approved draft healthcare legislation, but efforts were stalled in the Energy and Commerce Committee due to push back from the Blue Dogs. According to CNN:
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Healthcare reform: Moving fast?
July 16, 2009Mike Moran
The Associated Press reports that the Ways and Means and Education and Labor committees expect to vote on the House's healthcare reform bill today. A third committee, Energy and Commerce, will consider the bill today, but a group of fiscally conservative Democrats called the Blue Dogs will make the road to a vote more bumpy. The Blue Dogs hold more than half a dozen seats on the Energy and Commerce Committee. The House bill includes oxygen and wheelchair provisions.
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First-month purchase option
June 30, 2009Liz Beaulieu, Editor
This just in, courtesy of an e-mail blast yesterday from NRRTS: It's rumored that, to help pay for healthcare reform, the Senate Finance Committee, like the House Ways and Means Committee, will propose eliminating the first-month purchase option for power wheelchairs. But the Senate Finance Committee may exclude Group 3 power wheelchairs. Officially, members of the Senate Finance Committee left Capitol Hill last week for their July 4th recess without releasing their draft bill.
In the meantime,...