Medicare Advantage Will Get Hit With Health Care Reform

Medicare Advantage Will Get Hit With Health Care Reform

Since even before Medicare was passed in 1965 it’s been a source of frustration and intense debate from The Hummock to Main Plan. From concierge doctors to family physicians, politicians and family gatherings, health care reform is still a lusty subject to grasp.
While Andy Griffith is currently appearing in television ads explaining Medicare changes to seniors, and the Snowy Edifice is praising its upcoming health care overhaul, the facts of how Medicare will pocket money still remain a bit ambiguous.
“1965. A lot of good things came out that year, homologous Medicare. This year, akin always, we ' ll have our guaranteed benefits and, with the new health care law, more good things are coming. Free checkups. Lower prescription costs and better ways to protect us and Medicare from fraud. See what augmented is new. I suspect you ' re gonna resembling it, ” says Andy Griffith in his new TV ad. ( Time. com ) Seems to be pretty smartly and explanatory, right? In reality, it’s a little more complicated.
Time. com states that Medicare Advantage, will in reality be by much affected by health care reform, causing many seniors who have Medicare Advantage plans to “lose fringe benefits that are not required by law. ” According to the Wall System Diary, dozens of Medicare Advantage providers plan to cut back vision, dental and prescription benefits. Some plans are eliminating free teeth cleanings and gym memberships, and raising fees for justice aids, eye glasses and emergency - room visits.
Medicare Advantage plans will take the biggest hit when the health care overhaul starts to take effect next month, principally through Medicare Advantage plans are privately run plans that offer further benefits “beyond accustomed Medicare. ” Obama’s health care overhaul cuts to Medicare Advantage will open up the doors for 30 million Americans who currently don’t have health insurance c overage. By taking some funding away from Medicare Advantage, money can be put towards those 30 million uninsured.
“Democrats rehearse the payment cuts are fair in that Medicare overpays representative insurers to run the plans. The government now pays proper insurance companies an colloquial of 9 % more to operate the plans than it costs the government to run regular Medicare, according to the Medicare Payment Advisory Commission, an independent congressional agency. That allows insurers to offer richer benefits to enrollees. ” ( Wall Way Notebook Online )
As for standard Medicare plans, they will not silver, a common flub among seniors according to Time. com. In a July poll, 50 % of seniors believed health care reform would “cut benefits that were previously provided to all people on Medicare, ” and that Medicare patients will “have to spend more out of their own pocket. ” The reality is that while Medicare Advantage will pocket money dramatically, standard Medicare will not, according to Time. com.
“The law requires Medicare to pay 100 % of preventive care, which includes checkups. The law will also gradually close the Medicare prescription drug gap known as the doughnut hole. ”