Tag: benefit

Very Few People Will Benefit From the New EV Tax Credit. That is By Design.

Very Few People Will Benefit From the New EV Tax Credit. That is By Design.

The Inflation Reduction Act (IRA) of 2022 aimed to accelerate the shift from gasoline vehicles to electric vehicles…

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Eliminating Waste, Fraud, and Abuse in Medicaid My Administration has been relentlessly committed to rooting out waste, fraud, and abuse in Government programs to preserve and protect them for those who rely most on them. The Medicaid program was designed to be a program to compassionately provide taxpayer dollars to healthcare providers who offer care to the most vulnerable Americans. To keep payments reasonable, billable costs for such care were historically capped at the same level that healthcare providers could receive from Medicare. The State and Federal Governments jointly shared this cost burden to ensure those of lesser means did not go untreated. Under the Biden Administration, States and healthcare providers were permitted to game the system. For example, States “taxed” healthcare providers, but sent the same money back to them in the form of a “Medicaid payment,” which automatically unlocked for healthcare providers an additional “burden-sharing” payment from the Federal Government. Through this gimmick, the State could avoid contributing money toward Medicaid services, meaning the State no longer had a reason to be prudent in the amount of reimbursement provided. Instead of paying Medicare rates, many States that utilize these arrangements now pay the same healthcare providers almost three times the Medicare amount, a practice encouraged by the Biden Administration. These State Directed Payments have rapidly accelerated, quadrupling in magnitude over the last 4 years and reaching 0 billion in 2024 alone. This trajectory threatens the Federal Treasury and Medicaid’s long-term stability, and the imbalance between Medicaid and Medicare patients threatens to jeopardize access to care for our seniors. I pledged to protect and improve these important Government healthcare programs for those that rely on them. Seniors on Medicare and Medicaid recipients both deserve access to quality care in a system free from the fraud, waste, and abuse, that enriches the unscrupulous and jeopardizes the programs themselves. We will take action to continue to love and cherish the Medicare and Medicaid programs to ensure they are preserved for those who need them most. The Secretary of Health and Human Services shall therefore take appropriate action to eliminate waste, fraud, and abuse in Medicaid, including by ensuring Medicaid payments rates are not higher than Medicare, to the extent permitted by applicable law. This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. DONALD J. TRUMP

Eliminating Waste, Fraud, and Abuse in Medicaid My Administration has been relentlessly committed to rooting out waste, fraud, and abuse in Government programs to preserve and protect them for those who rely most on them. The Medicaid program was designed to be a program to compassionately provide taxpayer dollars to healthcare providers who offer care to the most vulnerable Americans. To keep payments reasonable, billable costs for such care were historically capped at the same level that healthcare providers could receive from Medicare. The State and Federal Governments jointly shared this cost burden to ensure those of lesser means did not go untreated. Under the Biden Administration, States and healthcare providers were permitted to game the system. For example, States “taxed” healthcare providers, but sent the same money back to them in the form of a “Medicaid payment,” which automatically unlocked for healthcare providers an additional “burden-sharing” payment from the Federal Government. Through this gimmick, the State could avoid contributing money toward Medicaid services, meaning the State no longer had a reason to be prudent in the amount of reimbursement provided. Instead of paying Medicare rates, many States that utilize these arrangements now pay the same healthcare providers almost three times the Medicare amount, a practice encouraged by the Biden Administration. These State Directed Payments have rapidly accelerated, quadrupling in magnitude over the last 4 years and reaching $110 billion in 2024 alone. This trajectory threatens the Federal Treasury and Medicaid’s long-term stability, and the imbalance between Medicaid and Medicare patients threatens to jeopardize access to care for our seniors. I pledged to protect and improve these important Government healthcare programs for those that rely on them. Seniors on Medicare and Medicaid recipients both deserve access to quality care in a system free from the fraud, waste, and abuse, that enriches the unscrupulous and jeopardizes the programs themselves. We will take action to continue to love and cherish the Medicare and Medicaid programs to ensure they are preserved for those who need them most. The Secretary of Health and Human Services shall therefore take appropriate action to eliminate waste, fraud, and abuse in Medicaid, including by ensuring Medicaid payments rates are not higher than Medicare, to the extent permitted by applicable law. This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. DONALD J. TRUMP

MEMORANDUM FOR THE SECRETARY OF HEALTH AND HUMAN SERVICES THE ADMINISTRATORS OF THE CENTERS FOR MEDICARE AND MEDICAID…

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It’s Showtime!—At the Apollo Spring Benefit

It’s Showtime!—At the Apollo Spring Benefit

The Apollo Theater's Spring 2025 Benefit was a night to remember, filled with sunshine, star power, and celebration.…

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TALKING POINTS: Dem Senator Chris Murphy Claims Republican Bill With Trump Tax Cuts Will Only Benefit the Super Rich (VIDEO) |

TALKING POINTS: Dem Senator Chris Murphy Claims Republican Bill With Trump Tax Cuts Will Only Benefit the Super Rich (VIDEO) |

Over the weekend, Democratic Senator Chris Murphy from Connecticut made an appearance on CNN to discuss what he…

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5 Types of Investments Poised To Benefit

5 Types of Investments Poised To Benefit

Suze Orman, a renowned financial expert, recently expressed her optimism about the stock market in a mid-May episode…

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GE Vernova Inc. (GEV) Can Benefit A Lot From Trump’s Tariffs, Says Jim Cramer

GE Vernova Inc. (GEV) Can Benefit A Lot From Trump’s Tariffs, Says Jim Cramer

We recently compiled a comprehensive list of stocks that Jim Cramer discussed in his segment titled "Jim Cramer…

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Who will benefit from melting glaciers?

Who will benefit from melting glaciers?

The Tulsequah Glacier, located in northwest British Columbia, near the Alaska border, is retreating rapidly due to climate…

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Why Iga Swiatek might strangely benefit from no longer being the favorite at French Open

Why Iga Swiatek might strangely benefit from no longer being the favorite at French Open

Iga Swiatek has been a dominant force at Roland Garros in recent years, with three titles to her…

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The Real Madrid players who might benefit most from Xabi Alonso: From Jude Bellingham to Arda Guler and more

The Real Madrid players who might benefit most from Xabi Alonso: From Jude Bellingham to Arda Guler and more

Real Madrid is on the brink of a new era as they prepare to bid farewell to Carlo…

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Nan Goldin Sells Prints to Benefit Gaza Animal Hospital

Nan Goldin Sells Prints to Benefit Gaza Animal Hospital

An online sale of prints by artist and activist Nan Goldin will benefit Gaza’s first and only animal…

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Newly Unredacted Documents Show Joe Biden Was Negotiating Oil, Gas Deal to Benefit Hunter and Burisma Through Private Email Account |

Newly Unredacted Documents Show Joe Biden Was Negotiating Oil, Gas Deal to Benefit Hunter and Burisma Through Private Email Account |

Comparative Email Scandals: Biden vs. Clinton In an intriguing twist of political fate, Joe Biden's email debacle may…

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Pharmacy Benefit Manager Reform Scuttled, Despite Bipartisan Support

Pharmacy Benefit Manager Reform Scuttled, Despite Bipartisan Support

Opponents of PBMs argue that the lack of transparency in their operations, particularly around rebate negotiations, leads to…

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