logo
Today's Date
real time quotes your portfolio registration help
biz bulletin
  Corporate
Financial
Healthcare
Technology
stocks
  Quotes
Top Performers
Screening
Interactive
  Charting
funds
  Quotes
Top Perfomers
Screening
insider
  Stock of the Day
Tip of the Day
Periscope
Launch Live Ticker
Fox News Home

  
Enter Ticker: Search by Company Name:

09:31 ET PRESCRIPTION-DRUG PROGRAM FOR MEDICARE BENEFICIARIES SEEN AS UNLIKELY


WASHINGTON, Jun 19, 2000, (A. M. Best via COMTEX) -- Politicians will continue to talk about extending prescription-drug benefits to Medicare recipients, but it's doubtful that Congress will go along with a program that is expected to cost taxpayers about $40 billion a year, according to one industry analyst.

Tom Scully, president and chief executive officer of the Federation of American Health Systems, said at a briefing that Congress won't go along with either political party's announced prescription drug programs. Scully said each program would cost about $40 billion annually, although the programs take different approaches.

That's a lot of money for this or the next Congress to consider, particularly for a new program, Scully said. Congress won't go along with the proposed prescription drug plan for fear of it fiscally "blowing up and going out of control," he said.

Also Scully noted that the Congressional Budget Office is expected to release shortly its "mid-session review" that will show federal Medicare savings of "tens of billions" for the next five fiscal years.

In its monitoring of Medicare, the federation anticipates the government will show $82.7 billion in additional savings for the period 2001-2005, producing a total savings of $247.5 billion for the fiscal years 1998-2002 funding cycle and $247.5 billion for the 2001- 2005 funding cycle.

Scully noted that savings from Medicare go to general federal operating accounts instead of health-care programs or hospitals and nursing homes.

The federation said that the nation's hospitals "are in dire straits for both long-term viability and continued community outreach," and the $82.7 billion windfall "needs to be returned to the program to allow providers to continue to meet the needs of our nation's 39 million senior and disabled Americans."

Scully described projected Medicare savings as the source of overall federal spending. "Medicare is in the (federal) budget" because it drives "federal (spending) policy," he said.



(By Len Famiglietti, Washington bureau manager: Leonard.Famiglietti@ambest.com)


lf lf

Copyright (C) 2000 by A. M. Best Company, Inc.


-0-


KEYWORD:          WASHINGTON


09:31 ET TECHNIQUE ALLOWS INSIDE VIEW OF ALZHEIMER'S DISEASE
WASHINGTON, June 19 (UPI) -- Researchers at the University of Pennsylvania Medical Center say they have developed a technique that allows them to track the impact of treatments on the waxy substance -- called amyloid plaque -- that riddles the brain when Alzheimer's disease is present. Full Story

09:31 ET COCAINE USAGE AMONG YOUNG SPANIARDS DOUBLES IN FOUR YEARS-REPORT
Madrid, Jun 20, 2000 (EFE via COMTEX) -- Drug use among young Spaniards is on the rise and the number of youths who have tried cocaine has doubled over the past four years, according to a government report released this week. Full Story

09:31 ET SOME 9,500 MALARIA CASES IN HONDURAS SO FAR IN 2000
Tegucigalpa, Jun 19, 2000 (EFE via COMTEX) -- Some 9,500 cases of malaria have been registered in Honduras during the first five months of this year, an official spokesman from the Health Ministry announced Monday. Full Story

09:31 ET SCIENTISTS CALL FOR SCIENTIFIC HEALTH CARE
BEIJING (June 20) XINHUA - A group of scientists including medical experts attending a seminar held by the China Association for Science and Technology today called for scientific health care against superstition and pseudoscience. Full Story

07:30 ET S. AFRICA LAUNCHES FIVE-YEAR HIV/AIDS PLAN
JOHANNESBURG (June 19) XINHUA - South African Health Minister Manto Tshabalala-Msimang Monday launched a five-year HIV/AIDS plan here to prevent new infections in the country and minimize the impact of the pandemic. Full Story

07:30 ET SIX ETHNIC GENE BANKS ESTABLISHED IN NORTHEAST CHINA
HARBIN (June 19) XINHUA - Six ethnic gene banks have been established in the Harbin Medical Sciences University in northeast China's Heilongjiang Province. The genes of six ethnic minority groups including the Mongolian and the Xibo are Full Story





 
sponsored by sponsored by
 
© 2000 Copyright - Thomson Investors Network, ThomsonRTQ, FirstCall and Investnet
are copyrights of Thomson Financial Services
© 1999, News Digital Media, Inc. d/b/a Fox News Online.
All rights reserved. Fox News is a registered trademark of 20th Century Fox Film Corp.