Tag: Donald

President Donald J. Trump Unleashes American Drone Dominance – The White House

UNLEASHING AMERICAN DRONE DOMINANCE: In a move to cement the United States' position as a leader in unmanned

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

Elon Musk’s feud with Donald Trump muddies xAI debt raising for Morgan Stanley

Elon Musk's artificial intelligence company xAI was on the verge of securing a $5 billion debt financing package

President Donald J. Trump Reprioritizes Cybersecurity Efforts to Protect America – The White House

ENHANCING THE NATION'S CYBERSECURITY: Today, President Donald J. Trump took a significant step by signing an Executive Order

Are Donald Trump and Elon Musk now enemies?

Elon Musk's feud with Donald Trump has escalated to new heights, with the world's richest man taking aim

President Donald J. Trump Takes Action to Lead the World in Supersonic Flight – The White House

PIONEERING THE FUTURE OF SUPersonic AVIATION: Today, President Donald J. Trump took a significant step by signing an

Donald Trump calls for ‘full point’ rate cut after jobs report

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Why are Elon Musk and Donald Trump fighting?

President Donald Trump and his long-time ally, Elon Musk, are making headlines as their once strong political partnership

Harvard challenges Donald Trump’s ban on its foreign students entering the US

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What Donald Trump’s travel ban means for FIFA World Cup, Club World Cup, Gold Cup teams and fans

The Trump administration's new travel ban has caused concern for many travelers, but the White House has assured

Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

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Joe Biden’s activist Treasury issuance continues under Donald Trump

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this