Posted on 10/03/2015 7:29:00 AM PDT by george76
Health insurance provider Colorado Access is going to cut Medicare coverage for the coming year. As a result of the move around 5,500 senior and disabled customers will have to look for alternatives.
Chief operating officer of Colorado Access, Matt Case has said that the Denver-based nonprofit will also let go 83 employees who were a part of Colorado Access Medicare and its subsidiary Access Health Colorado. Besides this, extra 40 openings will remain unfilled. Case said that Colorado Access has also drawn down administrative expenses, cutting down the salaries of its executive teams.
Case said, “While it's never easy to exit a business and wind things down and, especially, to affect people's jobs. In our case it was absolutely necessary”.
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Case mentioned that the said Colorado Access has been dogged due to high care costs and low government reimbursement rates associated with its relatively low number of Medicare customers. The Denver-based nonprofit includes 1 million Medicaid and Child Health Plan Plus members.
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Case didn't mention anything regarding offering Medicare coverage again. Colorado Access has already shared plans for the program for 10 years, but according to Case re-entering that market is going to require a ‘strong partner in the health system’.
(Excerpt) Read more at nycity.today ...
Fortunately, CO citizens are smoking and eating marijuana by the ton. They don’t need no stinking health care.
re-entering that market is going to require a ‘strong partner in the health system’
Single Payer - because Obamacare was designed to bankrupt insurance companies.
Piece is confusing a Fed program (Medicare) with a state program (Medicaid).
Oh, Cadillac Plans.
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