Skip to Content

Tag: Medicare spending


News

Medicare spending for physician services drops $9.4B in first half of 2020

March 8, 2021HME News Staff

CHICAGO – Medicare spending for physician services dropped as much as 57% below expected pre-pandemic levels in April of 2020, according to a new report from the American Medical Association.  During the first half of 2020, the cumulative estimated reduction in Medicare physician spending associated with the pandemic was $9.4 billion, the report says.   “The economic impact of the COVID-19 pandemic has placed significant financial stress on medical practices...

American Medical Association, Coronavirus, Medicare spending, Physician services


Read Full Articlered right arrow icon

News

MedPAC updates healthcare spending

July 24, 2019HME News Staff

WASHINGTON - Medicare was the single largest purchaser of personal health care in 2017, according to a new report from the Medicare Payment Advisory Committee.Of the $3 trillion spent on personal healthcare that year, Medicare accounted for 22% or $660 billion, MedPAC says.Other findings from the report:      Medicare spending totaled $737 billion for benefit expenses in 2018. Managed care was the largest category (32%), followed by inpatient hospital services (20%) part...

Medicare spending, MedPac


Read Full Articlered right arrow icon

On the Editor's Desk

Head banging

July 28, 2017Liz Beaulieu, Editor

In case you missed it, the Medicare Payment Advisory Commission (MedPac) in June published “A data book: Health care spending and the Medicare program.” Durable medical equipment has no section of its own (unlike hospitals, inpatient psychiatric facilities, physicians, skilled nursing facilities, home health agencies, inpatient rehab facilities, etc.), but it was included in a number of graphs detailing trends in Medicare spending, one of which is a real head scratcher. According to Chart...

DME, Medicare spending, MedPac


Read Full Articlered right arrow icon

Also Noted

HME spending drops to 1.25%

January 21, 2016HME News Staff

WASHINGTON - While overall Medicare spending has increased more than 175% from 2000 to 2014, spending on HME accounted for just 1.25% of overall Medicare spending in 2014, dropping from a 2% share 10 years earlier, according to AAHomecare's analysis of the National Health Expenditure Accounts' December update. Furthermore, DME spending can stem overall Medicare costs over the long-term, notes the association. For every $1 spent on mobility, HME saves $16.78 in fall-related recovery; every $1 spent...

aahomecare, Medicare spending


Read Full Articlered right arrow icon

News

Medicare saves with HME, study says

June 12, 2014HME News Staff

WATERLOO, Iowa - Medicare sees significant cost savings when it preserves spending on home medical equipment, according to a new study unveiled at The VGM Group's Heartland Conference this week.The study, conducted by Brian Leitten of Leitten Consulting, found, for example, that for every $1 that Medicare pays for mobility equipment, it saves $16.78 in treatment for avoided falls.“The message is clear: HME does save Medicare money and helps beneficiaries live where they want to be—at...

Cost Savings, Medicare spending, study


Read Full Articlered right arrow icon

News

Study: Up-front spending on O&P saves money long term

August 29, 2013HME News Staff

WASHINGTON - Providing patients with orthotic and prosthetic devices saves taxpayers money in the long term, according to the findings of a new study released Aug. 27.The study, conducted by health economist Dr. Allen Dobson and commissioned by the Amputee Coalition, found that Medicare spent the same or a comparable amount on patients who received devices as it did on those who needed the devices but did not receive them.“This is a clear win for patients and a win for taxpayers,” stated...

Amputee Coalition, Medicare spending, Orthotics, Prosthetics


Read Full Articlered right arrow icon