More ObamaCare fallout: Medicare disadvantage
Soon to join the projected millions of Americans in the individual health care market who are receiving cancellation notices from their insurance carriers will be Medicare Advantage seniors. They're learning now that last year's warnings about their future health care should have been taken to heart.
ObamaCare will cut $717 billion from Medicare over 10 years, reports Evan Gahr for the New York Daily News. About $156 billion of that will come from Medicare Advantage programs, a type of Medicare health plan offered by private companies. Earlier this year, a Citi analyst warned clients that the government's cut to Medicare Advantage programs could amount to 7 percent to 8 percent in 2014, which would prove “enormously disruptive.”
Among providers, insurance giant UnitedHealthcare is canceling contracts of more than 2,000 Medicare Advantage doctors who provide services to nearly 8,000 senior New Yorkers, according to New York State Medical Society President Sam Unterricht. As well, AARP Medicare plans have come under increased scrutiny.
Did we mention that AARP steadfastly endorsed ObamaCare?
“This is the new frontier (for health care and private Medicare plans). The reason we are moving with such urgency is because of a systematic underfunding,” Jack Larsen, CEO of UnitedHealthcare, told the Tampa Bay Times.
For young and old alike, the lie that is ObamaCare does not discriminate.