Tag: Money

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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With .7 billion settlement, college sports’ big money era is officially here : NPR

With $2.7 billion settlement, college sports’ big money era is officially here : NPR

Starting this fall, NCAA Division I schools will be able to pay players directly up to a salary…

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EU weighs adding Russia to money laundering ‘grey’ list

EU weighs adding Russia to money laundering ‘grey’ list

The European Union is considering adding Russia to its "grey list" of countries with inadequate money laundering controls,…

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I Asked ChatGPT To Explain How To Make Money Without Working: Here’s What It Said

I Asked ChatGPT To Explain How To Make Money Without Working: Here’s What It Said

In the age of technological advancements, ChatGPT has emerged as a revolutionary tool that has changed the way…

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10 Classic Old Money Outfits That Never Go Out Of Style

10 Classic Old Money Outfits That Never Go Out Of Style

Embrace Timeless SilhouettesPhoto: Edward Berthelot/Getty ImagesOld money style thrives on classic silhouettes that stand the test of time.…

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Lawyer took 0k of clients’ money to escape abuse

Lawyer took $200k of clients’ money to escape abuse

A lawyer, who expressed fear for her life due to an abusive husband, admitted to taking over $200,000…

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Rhea Ripley to back out of Money in the Bank after WWE star puts her out of commission? Exploring the possibility

Rhea Ripley to back out of Money in the Bank after WWE star puts her out of commission? Exploring the possibility

Rhea Ripley is gearing up for the upcoming Women’s WWE Money in the Bank Ladder Match scheduled for…

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Robbers abduct Old Town man, make him withdraw money from ATM, transfer cash via banking app

Robbers abduct Old Town man, make him withdraw money from ATM, transfer cash via banking app

Chicago police are currently investigating a disturbing incident in which a 25-year-old man from Old Town reported being…

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What the national debt, deficit mean for your money

What the national debt, deficit mean for your money

The House Republicans recently passed a massive package of tax cuts in May that is projected to significantly…

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Best money market account rates today, May 31, 2025 (best account provides 4.41% APY)

Best money market account rates today, May 31, 2025 (best account provides 4.41% APY)

Money market accounts are a popular choice for individuals looking to earn a competitive interest rate on their…

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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…

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6 Money Hacks the Super Rich Use That You Can Too

6 Money Hacks the Super Rich Use That You Can Too

Just because you don’t have access to millions of dollars doesn’t mean you can’t take advantage of the…

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