Medicare Public Funds: Increasing Profits for Private Insurance Cos.

December 18, 2014 at 4:38 pm 1 comment

”The private Medicare program has been a boon for insurers the past several years, offering sizable volumes and steady profit margins. … “ It will expand in the future as Baby Boomers join Medicare Advantage plans. (Modern Health Care 12/18/2014)

Why is this allowed to continue? How can we justify cutting Medicare coverage for older and disabled people while providing ever-increasing profit margins for private insurance companies?

Wake up people!

Entry filed under: Deficit Reduction, Fiscal Responsibility, Medicare, Medicare Advantage (MA), Medicare Reform, Public vs. Private Health Coverage, Uncategorized. Tags: , , , , , , .

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1 Comment Add your own

  • 1. Sandy  |  December 20, 2014 at 4:34 pm

    In my experience as a SHIP (SHINE) counselor, clients are attracted to Advantage plans by the seemingly lower premium costs, compared to supplement plans. We try to advise them they must also consider the myriad copayments, and potential service denials in calculating annual, rather than monthly, costs. However, until a client actually experiences the $45/each session PT copayment, they continue to focus on the monthly premium.

    Reply

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