It was part of the obamacare plan they didn't want you to read..
steal from grannie and medicare to give to a no-load freeloader on medicaid.
'Medicare Advantage' patients.
Medicare advantage is one of those HMO like programs that supposedly cost to much according to liberals.. even when it has been shown to actually reduce medicare costs.
and was to be scrapped so liberals could steal the money and divert it to obamacare..
approximately 200 billion or so was just in scrapping this fairly popular plan.. yep if you eliminate the plan,.. all those on the plan would just stop going to the doctor/... NO they would keep going,. it would just cost them more and the taxpayers more.. so where is the savings..
Obamacare To Slash Hundreds Of Billions From Medicare Advantage Over Next 10 Years
Earlier this month, officials at the Centers for Medicare and Medicaid Services announced that they’d increase payments in the market-based Medicare Advantage program by 3.3 percent next year. The CMS report is good news for seniors and taxpayers alike. But Medicare Advantage is not out of the woods yet. Obamacare is set to slash hundreds of billions from the program over the next 10 years.
That’s a mistake. Medicare Advantage delivers better care at lower cost than does conventional Medicare. The program should be expanded — not cut, as the president and his allies advocate.
Some 14 million seniors — more than a quarter of all beneficiaries — have enrolled in Medicare Advantage.
Under the terms of the program, beneficiaries choose from among several privately administered plans. Insurers compete for seniors’ business by offering plans with a variety of coverage levels and out-of-pocket costs. That competition drives down costs — and grants seniors access to services and benefits that they often cannot get through traditional Medicare.
CMS’s proposed cuts would have come on top of $202 billion in cuts to Medicare Advantage prescribed by Obamacare. Taken together, seniors would have been facing benefit cuts and cost increases of as much as $90 a month — or more than $1,000 a year.
By reversing course, CMS has apparently decided to let Obamacare slowly bleed Medicare Advantage to death.
The Congressional Budget Office estimates that Medicare Advantage will have 4.8 million fewer participants in 2019 than it would have in the absence of Obamacare — thanks to the law’s cuts to the program.
Medicare Advantage can provide the same level of coverage as traditional Medicare for 87 cents on the dollar. You’d think that policymakers looking to rein in Medicare spending might want to expand such a cost-effective program.
most of the cuts were met with outrage.. but it made no difference to the liberals hell bent on shoving a unpopular bill through..
Obamacare mandates $716 billion in Medicare payment reductions from 2013 to 2022
The Medicare Trustees project that the lower Medicare payment rates would cause 15 percent of hospitals, skilled nursing facilities, and home health agencies to become unprofitable by 2019, and this percentage would reach roughly 25 percent in 2030 and 40 percent by 2050.
In addition to the provider payment reductions, Obamacare significantly reduces payments to Medicare Advantage (MA) plans by an estimated $156 billion from 2013 to 2022.[4] About 27 percent of all Medicare beneficiaries are enrolled in MA plans.
When Obamacare was enacted in 2010, the Medicare Actuary projected that the impact of Obamacare’s cuts would be significant: “We estimate that in 2017, when the MA provisions will be fully phased in, enrollment in MA plans will be lower by about 50 percent (from its projected level of 14.8 million under the prior law to 7.4 million under the new law). Causing them to lose their current health plan and likely face increased out-of-pocket costs.
well if you are not yet convinced obama care is WRONG..
Higher Taxes
Obamacare will also cause seniors to pay higher taxes. The higher taxes on prescription drugs (effective in 2011) and medical devices (effective in 2013) will affect seniors especially, as they are more heavily dependent on those very products
what kind of person would try to lower costs on healthcare by raising a tax on prescription drugs?
the same one that would work to destroy a plan that saves them 13 cents on every medicare dollar spent..
heck why not just steal $716 billion from grannie? oh they did.. :shock: :? :???: