Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Insurers: Medicare Advantage cuts cost seniors $900 per year
The Hill ^ | 2/27/14 | Elise Viebeck

Posted on 03/02/2014 8:51:20 AM PST by Libloather

The health insurance industry fighting proposed cuts to Medicare Advantage payments argued they will raise seniors' out-of-pocket costs next year.

America's Health Insurance Plans (AHIP), a trade group, blasted the reductions with a report Thursday finding that beneficiaries could pay as much as $900 more in 2015 if the cuts take effect.

The report by consulting firm Oliver Wyman concluded that Medicare Advantage (MA) plans could see a 5.9 percent total cut to their payments next year as a result of changes proposed by federal health officials.

The Centers for Medicare and Medicaid Services (CMS) floated a 2015 cut of roughly 2 percent on Friday. The number was less than many insurers expected, causing major gains for several insurance stocks this week.

Still, AHIP President Karen Ignagni said the CMS is putting seniors' well-being on the line.

"Many seniors have experienced fewer benefits and higher out-of-pocket cuts as a result of last year's cuts," she told reporters on a call. "What we're focused on is the impact on beneficiaries." Moody's Investor Service also said Thursday that next year's proposed rates represent a credit-negative for insurers.

There is widespread disagreement about the value of cutting payments to Medicare Advantage, an increasingly popular alternative to traditional Medicare that covers roughly one-third of the program's beneficiaries.

MA plans receive more government funding per patient on average, thanks to GOP-backed policies that benefited insurance companies.

Democrats have traditionally sought to rectify this imbalance through cuts, arguing that "overpayments" in private Medicare encourage waste.

The Affordable Care Act followed this logic by cutting funding to the program by $200 billion over 10 years.

AHIP has consistently opposed those reductions and the additional, discretionary cuts enforced on an annual basis by the CMS.

The group said it will pull out all the stops next month to discourage federal health officials from following through on their rate proposal. Final rules are due out April 1.

"There isn't a lot of time," Ignagni said.

"It's very important to be actively engaged with the agency, with members of Congress, with leaders in the different stakeholder communities. ... We're going to be very, very actively engaged on all of those fronts."


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: 0carenightmare; cms; costs; cuts; medicare; medicareadvantage; obamacare; obamacareinsurers; obamacarelies; obamalies; seniors
Substandard policies, I'm sure.
1 posted on 03/02/2014 8:51:21 AM PST by Libloather
[ Post Reply | Private Reply | View Replies]

To: Libloather

Whoa wait a minute, wasn’t it the evil Republicans who wanted to throw granny off the cliff?


2 posted on 03/02/2014 8:55:36 AM PST by punditwannabe
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

The insurance is medicare. Medicare advantage providers have set rates to live within medicare and make well received offerings and still make a profit.

There is money there to be taken by the government and they are going to take it


3 posted on 03/02/2014 8:59:39 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

When will Traitorobamacare, through the death panel, prescribe cyanide pills for seniors who use over $1,000 of their insurance benefits in a year?


4 posted on 03/02/2014 9:13:57 AM PST by Carl Vehse
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

I find it disturbing that many seniors get “free” gym memberships through Medicare and/or MA.


5 posted on 03/02/2014 9:43:48 AM PST by jean michael
[ Post Reply | Private Reply | To 1 | View Replies]

To: Carl Vehse

Consider the upside.

The SocSec and Medicare funding deficits will be “cured” by Obamacare.

Millenials who dare to question granny’s premature demise will be offered Groupons for student loan remission.


6 posted on 03/02/2014 9:52:57 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: jean michael

Never heard f that!


7 posted on 03/02/2014 9:54:45 AM PST by lonestar (It takes a village of idiots to elect a village idiot.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Libloather

Obama want to kill of all seniors!!! He forgets...he will be one some day!!! What a low life...Obama, his Obamabots and the Democrat Party!!! Seniors revolt this coming November. Defeat every dirt bag Democrat!!!


8 posted on 03/02/2014 9:57:36 AM PST by JLAGRAYFOX ( My only objective is to defeat and destroy Obama & his Democrat Party, politically!!!.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lonestar

Personally I don’t have any understanding of why a person would need to go to a gym (I have a basement full of equipment) but here is the background to your question:

http://www.freep.com/article/20131030/NEWS06/310300174/Medicare-advantage-plans-offering-gym-memberships


9 posted on 03/02/2014 9:57:40 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: JLAGRAYFOX

Elite seniors won’t have anything to fear from this.

And the rest of us will be “doing our duty” to help out our grandchildren.


10 posted on 03/02/2014 9:58:50 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Libloather

anti -Obamacare Mardi Gras float with death panels

11 posted on 03/02/2014 10:07:08 AM PST by opentalk
[ Post Reply | Private Reply | To 1 | View Replies]

link

12 posted on 03/02/2014 10:11:18 AM PST by opentalk
[ Post Reply | Private Reply | To 11 | View Replies]

To: jean michael

Actually studies show that regular exercise can minimize or eliminate health problems in this group. Providing these memberships may look like a waste, but it could be seen as a cost cutting measure. If it helps reduce Medicare outlays substantially, isn’t that a good thing?


13 posted on 03/02/2014 10:25:50 AM PST by DoughtyOne (Immigration Reform is job NONE. It isn't even the leading issue with Hipanics. Enforce our laws.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Libloather

Medicare Advantage will become the biggest ‘bait and switch’ program in the history of the country. This is gonna get worse.


14 posted on 03/02/2014 11:10:45 AM PST by GOPJ ("Putin's playing chess ... we’re playing marbles" - - Mike Rogers, R-Mich)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DoughtyOne

Yes, it’s a good thing. But it is wrong for the government to borrow money from China to pay for gym memberships. I am friends with the owner of 3 gyms in town. He makes more money from government members than he does from free market members. That is not conservative government.

One could say that seniors that saved for retirement should be able to pay for the “luxury” of a $300 gym membership, if it is important to them. I don’t think it is the government’s job to pick up the tab, no matter how good it is for them. Staying healthy is a personal responsibility.


15 posted on 03/02/2014 12:09:37 PM PST by jean michael
[ Post Reply | Private Reply | To 13 | View Replies]

To: jean michael
Staying healthy is a personal responsibility.

There's still no co pay for AIDS testing.

16 posted on 03/02/2014 3:05:14 PM PST by Graybeard58 (God is not the author of confusion. 1 Cor 13: 33)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Graybeard58

Nor for an anal colonoscopy!!! (oops! I ment annual)


17 posted on 03/02/2014 5:03:40 PM PST by SierraWasp (Democrats these days are the "Glitches" in America's way of life and culture!!!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: jean michael

Jean, in the purest sense, the government shouldn’t be paying for any of it.

The system wasn’t set up for independence, and so the seniors utilize what is out there.

My reasoning is this. This is the system we have for now.

If the government normally spends $4,500.00 dollars per year per senior on health care, wouldn’t it be better if they spent $100 per month per senior that would take advantage of it, if it could lower the government yearly outlay to $2,500.00 dollars per person per year?

Nobody should be getting a $300 dollar membership. I have a membership at the Y for $60 per month, which I pay for. That’s all you need.


18 posted on 03/04/2014 10:29:30 AM PST by DoughtyOne (Immigration Reform is job NONE. It isn't even the leading issue with Hipanics. Enforce our laws.)
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson