Related topics: health care · medicaid · hospital · patients · health insurance

Feds fine St. Louis drug maker $3.5 million

(AP)—A St. Louis-based drug maker is paying $3.5 million to settle a federal lawsuit that it illegally paid doctors to prescribe out-of-date antidepressants and sleep aids to Medicare and Medicaid patients.

Business CEOs call for raising retirement age

An influential group of business executives is pushing a plan to increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

Medicare auction will face severe difficulties, research shows

Medicare's new method for buying medical supplies and equipment -- everything from wheelchairs and hospital beds to insulin shots and oxygen tanks -- is doomed to face severe difficulties, according to a new study by Caltech ...

Personal income up, but are we better off?

(PhysOrg.com) -- Although U.S. personal income per capita has risen 5.7 percent since 2000, an increase in tax-exempt benefits provided by the government and employers accounted for all of the income growth in the past decade, ...

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Medicare (United States)

Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over, or who meet other special criteria. Medicare operates as a single-payer health care system. The Social Security Act of 1965 was passed by Congress in late-spring of 1965 and signed into law on July 30, 1965, by President Lyndon B. Johnson as amendments to Social Security legislation. At the bill-signing ceremony President Johnson enrolled former President Harry S. Truman as the first Medicare beneficiary and presented him with the first Medicare card.

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