Posted on 04/02/2024 12:46:28 PM PDT by zeestephen
Shares of U.S. health insurers fell after the Biden administration didn't boost payments for private Medicare plans as much as the insurance industry and investors had hoped...The Centers for Medicare and Medicaid Services late Monday said that government payments to Medicare Advantage plans are expected to rise 3.7% year over year...That is effectively a 0.16% decline after stripping out certain assumptions baked into that rate, according to insurers and analysts.
(Excerpt) Read more at cnbc.com ...
Humana - down 13.0%
CVS Health - down 7.36%
United Health Group - down 6.48%
Centene - down 6.84%
Elevance - down 3.62%
Ukraine up 1000%.......................
“...payments to Medicare Advantage plans are expected to rise 3.7%...”
Sounds inflationary.
The Dems don’t want to admit that they lied about the solvency of the trust funds.
Biden says there is no inflation so of course he’s not going to increase the pay.
Does this mean the insurers will change their offerings in their Medicare advantage plans, like cutting out some of the optional benefits they don’t have to have????
It does not affect me because I pay out of pocket for a larger Medicare Supplemental plan that has broader and larger coverage than Medicare Advantage plans, but only lacks some of the “freebies” thrown in some of the Medicare Advantage plans, like dental and eye care.
In general, I think the quality of USA medical care will continue to decline - specifically for the middle and lower middle class.
Upper middle class and wealthier families will just dig deeper into their savings and investments and pay for the quality they are used to.
The poor will continue to receive USA Medicaid, which is undoubtedly the best free or low cost medical care in the world, although wait times for appointments get longer and longer every year.
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