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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
Subscribe today! Click here for our subscription offers.