The President’s budget called for over $600 billion in Medicaid cuts over a decade through either a per capita cap or a block grant. The proposed savings would come on top of the proposed $800-plus billion in cuts over 10 years in the American Health Care Act. The budget also calls for medical liability reforms, such as capping awards for non-economic damages at $250,000 indexed to inflation. NAELA does not anticipate Congress to act on the proposed additional cuts to Medicaid, but remains concerned about Medicaid structural reforms in the Senate generally.
At what level should an individual’s estate be taxed? $1 million? $2 million? $5 million? Back in 2014, the District of Columbia passed a major tax reform deal that included increasing its estate tax exemption amount from its then-$1 million level, once revenue targets were met. So the District’s exemption level doubled to $2 million at the start of 2017, and now it’s poised for 2018 to go up to match the generous federal exemption level ($5.49 million for 2017, indexed for inflation). Continue reading
Lawmakers called on Congress last week to continue funding a program that helps beneficiaries navigate Medicare, following the administration’s fiscal year 2018 budget proposing to cut it entirely.
The State Health Insurance Assistance Program, which provides counselors to Medicare beneficiaries to help with enrollment, choosing plans and appealing coverage denials, found itself on the chopping block for the second time in a year under last week’s budget plan.
Some seniors are moving to Mexico for assisted living care. Costs at these facilities are much cheaper, but family members worry about the distance and their loved one’s access to medical care. Continue reading
The majority of people with Alzheimer’s disease die in long-term care facilities, although the percentage is decreasing, whereas the number of people with the disease who die at home is increasing, according to a new report released Thursday by the Centers for Disease Control and Prevention. Continue reading
Despite promises from the Trump administration to restructure Medicaid and reduce its funding by hundreds of billions of dollars, state Medicaid directors say it’s unlikely there will be major changes to the program.
On Monday, the Trump administration released a budget proposal that projected cutting Medicaid spending by at least $600 billion over a 10-year period, assuming the program is converted to a per capita cap program as outlined in the American Health Care Act. Continue reading
The best that can be said about President Trump’s 2018 budget and older adults: It could have been worse.
In a fiscal plan focused on historic domestic spending cuts, programs for older adults were hit by substantial reductions, though not slashed as deeply as other domestic programs.
Medicare was largely untouched. So was Social Security for seniors, although Trump would tighten eligibility and reduce some benefits in the Social Security disability program. Spending for most senior services programs was frozen for yet another year while subsidies for low-income senior housing were increased. Continue reading
A growing number of Americans age 40 and older think Medicare should cover the costs of long-term care for older adults, according to a poll conducted by the Associated Press-NORC Center for Public Affairs Research.
That option is unlikely to gain much traction as President Donald Trump’s administration and Republicans in Congress look to cut the federal budget and Continue reading. Most older Americans mistakenly believe they can rely on Medicare already for such care, the poll shows, while few have done much planning for their own long-term care.
After initially delaying a rule intended to prevent financial advisers from steering their clients to bad retirement investments, the Department of Labor (DOL) announced that the rule will go into effect on June 9, 2017, but its future is still unclear.
Earlier this year, President Trump signed an executive order delaying the so-called fiduciary rule, the first part of which was scheduled to go into effect in April 2017, and calling for a review. The DOL is still reviewing the rule and can still make changes to it or repeal it based on the review, but the agency said there was no basis to further delay the rule’s implementation. It is possible that additional changes will be made before the rest of the rule is scheduled to go into effect on January 1, 2018. Continue reading
Reversing a lower court, Massachusetts’ highest court rules that two Medicaid applicants’ trusts were not available assets even though the applicants retained the right to use the houses that were put into the trusts. Daley v. Secretary of the Executive Office of Health and Human Services (Mass., No. SJC-12200, May 30, 2017) and Nadeau v. Director of the Office of Medicaid (Mass., No. SJC-12205, May 30, 2017). Continue reading