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Tag: spending


News

Medicare trustees expect Part B costs to grow steadily

April 23, 2019HME News Staff

WASHINGTON - Projected costs for the Supplementary Medical Insurance (SMI) Trust Fund, which funds Medicare Part B and D, are expected to grow steadily from 2.1% of GDP in 2018 to about 3.7% GDP in 2038, according to the 2019 Medicare Trustees Report.The reason: an aging population and rising healthcare costs.Despite the growth, the SMI Trust Fund is expected to be adequately financed in all years because premium income and general revenue income are reset annually to cover expected costs, the trustees...

growth, healthcare costs, Medicare Trustees Report, spending


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Mobility

GAO releases report on accessories

June 1, 2016HME News Staff

WASHINGTON - Accessories for complex power wheelchairs might account for a relatively small share of Medicare utilization, but they account for a much larger share of total spending, according to a highly anticipated report published June 1 by the Government Accountability Office.These accessories accounted for about 18% (312,000) of all wheelchair accessories in 2014 but about 51% ($159 million) of total spending. E1007, a power seating system with combination tilt and recline, accounted for 35%...

competitive bidding, GAO, spending, utilization, wheelchair accessories


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In brief: HME spending drops, PlayMaker CRM secures funding

January 22, 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 2% in 2004, according to AAHomecare's analysis of a December update of the National Health Expenditure Accounts. Furthermore, spending on DME can lower overall Medicare costs in the long-term, the association argues. Every $1 spent on mobility equipment, for example, saves $16.78 in fall-related recovery; every $1...

CareLinc Home Medical & Equipment Supply, J&L Medical, PlayMaker CRM, spending


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Guest Blog

DME is what we use, HME services is what we do

January 7, 2016HME News Staff

Historically, items like hospital beds, oxygen tanks and concentrators, wheelchairs, commodes, ambulatory aids, compressors and other items that could be used to support a medical need on an ongoing basis were referred to as DME. This is clearly an accurate, but one-dimensional definition. Health insurance carriers, Medicare included, covered these items as a “DME” benefit when a doctor indicated that there was medical necessity requiring the use of any of these items. This one-dimensional...

HME vs. DME, Reimbursement, spending


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News

CMS: ACA spurs growth in health spending

December 3, 2015HME News Staff

WASHINGTON - Overall national health expenditures grew by 5.3% in 2014, as millions of uninsured Americans gained health coverage through the Affordable Care Act, the CMS Office of the Actuary reported Dec. 2.The report also credits rapidly rising prescription drug costs for the growth.“Still, the rate of growth remains below the level in most years prior to the coverage expansion, while out-of-pocket costs grew at the fifth lowest level on record,” said CMS Acting Administrator Andy...

growth rate, Health expenditures, spending


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CMS: Growth in health spending remains low

January 7, 2014HME News Staff

WASHINGTON - Overall national health expenditures grew at an annual rate of 3.7% in 2012, marking the fourth consecutive year of low growth, the CMS Office of the Actuary reported Jan. 7.Health spending as a share of gross domestic product fell slightly from 17.3% in 2011 to 17.2% in 2012.“For the second straight year, we have seen overall healthcare costs grow slower than the economy as a whole,” said CMS Administrator Marilyn Tavenner in a release. “This is good news. We will...

growth rate, Health expenditures, spending


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News

CMS: Zero growth for Part B premiums

October 29, 2013HME News Staff

WASHINGTON - The Medicare Part B premium will not increase in 2014, CMS announced this week.The standard Medicare Part B premium will be $104.90 in 2014, the same as 2013, the agency stated.“We continue to work hard to keep Medicare beneficiaries' costs low by rewarding providers for producing better value for their patients, and fighting fraud and abuse,” stated CMS Administrator Marilyn Tavenner in a press release. “As a result, the Medicare Part B premium will not increase for...

Medicare Part B premiums, spending


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Mobility

Update on PMD demo: Spending drops 50%

April 30, 2013HME News Staff

BALTIMORE - Spending on power mobility devices (PMDs) has taken a nosedive ever since CMS implemented a demonstration project that requires providers to submit prior authorization requests before supplying equipment.In an update posted April 23, CMS indicates that spending per month on PMDs in seven demo states fell about 50%, from about $15 million in January 2012 to $7 million in December 2012. In non-demo states, spending also fell, from about $23 million in January 2012 to about $17 million in...

Home Medical Equipment, PMD demo, spending, Wheelchairs


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CBO: Social security spending will outpace tax revenues

October 2, 2012HME News Staff

WASHINGTON - Spending for Social Security totaled $773 billion in fiscal year 2012, about 5% of gross domestic product (GDP) and one-fifth of federal spending, the Congressional Budget Office (CBO) stated in an updated report released Oct. 2.Over the next 10 years, outlays will exceed dedicated tax revenues by, on average, about 10%. That gap will grow larger in the 2020s.“As more members of the baby-boom generation retire and the U.S. population grows older in the coming decades, Social Security...

CBO, Home Medical Equipment, Social Security, spending


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