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Obama gives private plans $6.7 in bonuses
Posted: Apr 21, 2011
Here we go again. Sorry, but doesn't he realize we're broke yet?
WASHINGTON (AP) — Millions of seniors in popular private insurance plans offered through Medicare will be getting a reprieve from some of the most controversial cuts in President Barack Obama's health care law.
In a policy shift critics see as political, the Health and Human Services department has decided to award quality bonuses to hundreds of Medicare Advantage plans rated merely average.
The $6.7 billion infusion could head off service cuts that would have been a headache for Obama and Democrats in next year's elections for the White House and Congress. More than half the roughly 11 million Medicare Advantage enrollees are in plans rated average.
The insurance industry says the bonuses will turn what would have averaged out as a net loss for the plans in 2012 into a slight increase.
In a recent letter to HHS Secretary Kathleen Sebelius, two prominent GOP lawmakers questioned what they termed the administration's "newfound support" for Medicare Advantage.
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Hmmm....I did not realize that so much - Indy
[ In Reply To ..]of Obamacare was going to be funded through Medicare cuts....I knew some. So, since he is going to delay that kicking until after the election...and with all the waivers his admin has granted...I would like to see the revised figures on what Obamacare is going to add to the deficit. It has to be different now with all that.
Since TriCare is bid on the same contract as MediCare - Kendra
[ In Reply To ..]if is cutting a significant amount there, too. I know that I am supposed to believe that my healthcare is free because my husband is in the military, but the truth is that his pay is significantly lower than the private sector because of his benefits, which means that we do pay for our healthcare, just in a different manner. Right now, I have a nevus on my back that my PCM thinks is probably cancerous, but I cannot find a dermatologist within 200 miles that will take my TriCare because it pays so little. I have found some that are on the TriCare list, but when I call them, they tell me that they will only take TriCare Standard from retirees and will not take active duty TriCare Prime. I have been trying to get someone to look at it for 6 months now.
I had heard that about 500B was going to be cut from Medicare - Zville MT
[ In Reply To ..]to help pay for Obamacare. Not stating this as fact because I haven't done the research to verify - could be more, could be less, but Medicare will definitely be cut.
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