Tag: Costs

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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How Trump’s Big Beautiful Bill will raise household energy costs

How Trump’s Big Beautiful Bill will raise household energy costs

Energy policy analysts are warning of significant consequences if major legislation pushed through Congress by Republicans is enacted.…

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More Hidden Costs of Tariffs

More Hidden Costs of Tariffs

Ever since Trump kicked off a global trade war on April 2, American companies have found themselves in…

Tauquir Shayaan
American Eagle Outfitters swings to Q1 loss on higher costs, sluggish demand

American Eagle Outfitters swings to Q1 loss on higher costs, sluggish demand

American Eagle Outfitters' management team recently addressed the challenges faced in the first quarter (Q1) of the fiscal…

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Employers Reluctant To Cover Obesity Meds, Lower Costs May Change This

Employers Reluctant To Cover Obesity Meds, Lower Costs May Change This

Employers in the United States are still hesitant to cover glucagon-like peptide-1 (GLP-1) drugs for weight loss, according…

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NYC broker fee law — which protects tenants from costs — challenged by real estate agents in 11th-hour push

NYC broker fee law — which protects tenants from costs — challenged by real estate agents in 11th-hour push

Real estate agents are racing against time to negotiate a deal. Before a new law shifting the burden…

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Cheryl Protecting Liam Payne’s Son At All Costs

Cheryl Protecting Liam Payne’s Son At All Costs

The Legacy of Liam Payne: Cheryl Protecting Son Bear's $32 Million Inheritance It's been seven months since the…

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European homeowners face rising mortgage costs until 2030

European homeowners face rising mortgage costs until 2030

Stay informed with free updatesSimply sign up to the European economy myFT Digest -- delivered directly to your…

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US borrowing costs top 5% after Moody’s downgrade

US borrowing costs top 5% after Moody’s downgrade

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington,…

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Trump slams Walmart over warning to consumers — but the costs could still hit your wallet

Trump slams Walmart over warning to consumers — but the costs could still hit your wallet

President Donald Trump recently took to Truth Social to criticize retail giant Walmart for suggesting that prices may…

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Why long-term care costs can be a ‘huge problem’

Why long-term care costs can be a ‘huge problem’

Long-term care can be a significant financial burden, with costs exceeding $100,000 for many individuals. Despite this, financial…

InquiryMind
Meet AlphaEvolve, the Google AI that writes its own code—and just saved millions in computing costs

Meet AlphaEvolve, the Google AI that writes its own code—and just saved millions in computing costs

AlphaEvolve, Google DeepMind's groundbreaking AI agent, is revolutionizing the world of artificial intelligence and computer algorithms. By combining…

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