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Illinois’ stack of unpaid medical bills now reaches $3.5 billion

April 6th, 2017

Crain’s Chicago Business reports:

“The state budget stalemate, which has stretched on for nearly two years, is putting lives on the line, according to emotional testimony out of the Illinois House yesterday.

That’s because the state’s now $12.6 billion backlog also includes months and months of unpaid medical bills on behalf of state workers and retirees. At last count, the state owed $3.5 billion in medical bills for its employees, according to a spokesman for the Illinois comptroller. In early March, a dental lobbying group said dentists who treat state employees were owed a collective $174 million.

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A new kind of doctor’s office charges a monthly fee and doesn’t take insurance — and it could be the future of medicine

March 24th, 2017

Yahoo Finance reports:

“Dr. Bryan Hill spent his career working as a pediatrician, teaching at a university, and working at a hospital. But in March 2016, he decided he no longer wanted a boss.

He took some time off, then one day he got a call asking if he’d be up for doing a house call for a woman whose son was sick. He agreed, and by the end of that visit, he realized he wanted to treat patients without dealing with any of the insurance requirements.

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No one thinks the GOP health bill is a good idea for Illinois

March 24th, 2017

Crains Chicago Business reports:

“There are not many things that Republicans and Democrats in Illinois agree on. But there’s near universal consensus that House Republicans’ proposed Obamacare replacement would do serious harm to Chicago and the state as a whole.

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Is Medicare Tax-Deductible?

March 24th, 2017

The Motley Fool reports:

“Medicare provides critical health benefits to countless senior citizens, and while Part A, which covers hospital visits, typically does not impose a premium, Parts B and D, which cover preventative services and prescription drugs, respectively, come at a cost.

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Mendoza criticizes Illinois’ ‘lawless’ fiscal climate

March 8th, 2017

Crain’s Chicago Business reports:

“Hospitals and doctors treating patients on the state payroll are now owed a collective $4.3 billion, Democratic Comptroller Susana Mendoza highlights in a new report that reflects a “lawless fiscal climate.”

The annual state report for the fiscal year ended June 30 “paints a worsening outlook” for Illinois’ financial future, the comptroller’s office said in a statement.

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4 Surprising Things Medicare Doesn’t Cover (and How You Can Pay for Them)

March 8th, 2017

The Motley Fool reports:

“Medicare covers more than 54 million beneficiaries, around 77% of whom are happy with their insurance. Yet this vital social program doesn’t cover every single beneficiary’s needs. If you’re covered by Medicare, or will be soon, it’s important to understand both its benefits and its limitations.

Medicare Part A pays for inpatient hospital care, skilled nursing care, hospice care, and home healthcare. Part B covers 80% of most routine care, but many Medicare recipients eventually experience a health need Medicare won’t cover. It helps to know what kinds of things Medicare won’t pay for and plan ahead for costs.

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Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.

March 8th, 2017

The Miami Herald reports:

“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.

As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.

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Employers gear up for next fight after Cadillac tax

March 8th, 2017

Modern Helthcare.com reports:

“Employer and business groups are shifting their lobbying efforts from repealing the Affordable Care Act’s unpopular “Cadillac” tax to fighting GOP proposals to chip away at the tax break on employer-provided health insurance.

Capping the tax break, they say, would cause employers to offer skimpier benefits, and some would stop offering coverage altogether. That would erode the employer-sponsored health insurance market.

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