Tag: equity

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…

InquiryMind
Trump tariffs cut off recovery in private equity dealmaking

Trump tariffs cut off recovery in private equity dealmaking

Unlock the White House Watch newsletter for free If you're looking for insights into what Trump's second term…

InquiryMind
As Trump Cuts Healthcare, Private Equity Gains Hold At Doctor’s Office

As Trump Cuts Healthcare, Private Equity Gains Hold At Doctor’s Office

The landscape of private medical practices in the United States is rapidly changing, according to a recent report…

InquiryMind
Interest rates on home equity lines of credit move lower again

Interest rates on home equity lines of credit move lower again

HELOC interest rates have once again decreased, making it more affordable for homeowners to tap into the value…

InquiryMind
Is private equity becoming a money trap?

Is private equity becoming a money trap?

Private Equity Facing Challenges Amidst Market Volatility In recent years, US equity markets have experienced significant growth following…

InquiryMind
Private equity portfolios underperform at big Canadian investors

Private equity portfolios underperform at big Canadian investors

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

InquiryMind
Councillor criticises instigators of pay equity change

Councillor criticises instigators of pay equity change

In a bold move, former New Zealand First MP Ria Bond has joined a group of 10 female…

InquiryMind
Emerging market equity funds lure investors fleeing overvalued U.S. assets

Emerging market equity funds lure investors fleeing overvalued U.S. assets

Emerging market equity funds have been dominating the global market performance this year, thanks to attractive valuations, years…

InquiryMind
Donald Trump considers order to open US retirement plans to private equity

Donald Trump considers order to open US retirement plans to private equity

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

InquiryMind
Luxon accuses pay equity shake-up critics of ‘scaremongering’

Luxon accuses pay equity shake-up critics of ‘scaremongering’

Prime Minister Christopher Luxon has accused critics of the government's pay equity shake-up of spreading fear and gendered…

InquiryMind
Reverse mortgage vs. home equity loan vs. HELOC: Which is best?

Reverse mortgage vs. home equity loan vs. HELOC: Which is best?

Your home is not just a place to live; it's also a valuable financial asset. Homeowners can tap…

InquiryMind
Was Health Equity Just A “Hustle”? A Path Forward

Was Health Equity Just A “Hustle”? A Path Forward

In recent years, the healthcare industry has seen a surge in commitments to diversity, equity, and inclusion (DEI).…

InquiryMind