Marsha Gold has a wide-ranging review of the market-oriented Medicare Advantage program at Health Affairs.
But why not allow beneficiaries to use their Medicaid allotment to buy into a Medicare Advantage program?
And what happened was they didn't bid out competitively this Medicare Advantage program.
Importantly, and contrary to the misinformation out there, the health care reform legislation did not end the Medicare Advantage program.
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If the value of these services is worth it, a senior can still buy a Medicare Advantage program that offers this to them.
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Democrats have long been hostile to the Medicare Advantage program, which allows seniors to get their Medicare coverage through plans administered by private insurers.
Losing this benefit in a Medicare Advantage program would be a difficult challenge for our senior citizens who make the effort to stay healthy, right?
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For those under age 55, the program is transformed to provide vouchers to retirees to be used to buy private health insurance of their choice, similar to the popular Medicare Advantage program.
But we have not eliminated Medicare Advantage, and insurance companies can still make money operating a well-managed Medicare Advantage program that helps to manage and coordinate the prescription drugs and the dental and all that stuff.
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And in fact, we just got a report today that the Medicare Advantage program that we have modified and scrutinized more carefully, that in fact rates are going to be lower for that than they were before.
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If we migrate Medicare over to a defined-contribution system, with the popular Medicare Advantage program as the backbone, we can get a lot closer to making sure that Medicare is still around when the next generation retires.
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It depends on Congress and the president not only imposing Medicare cuts that they have proven unwilling to make but also imposing cuts that they have already specifically undone, most notably to Medicare Advantage, a program that helps millions of seniors pay for private health plans.
Today, more than a quarter of retirees get their coverage through Medicare Advantage, and the program has experienced rapid growth over the past decade.
Between 2013 and 2020, the health law directs the IPAB to achieve its targets through payment reductions primarily in the Part D prescription drug program, Medicare Advantage, and skilled nursing facility services.
It was confirmed Monday when Medicare bowed to political pressure and reversed a cut in payments to private insurers under a generous government program known as Medicare Advantage.
So for administrative convenience, Medicare Advantage may still end up being a useful program for some people.
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However, these cuts were largely the result of ending the 11% premium the government has been paying to Medicare Advantage programs for the identical services provided to Medicare beneficiaries when paid for directly from the government program.
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Yet, your administration has been a proponent of having private health plans involved in the Medicare program, praising the popular effort known as Medicare Advantage?
Though private health plans are complaining about proposed cuts to Medicare Advantage plans, more insurance companies are still flocking to the government health program to offer more products and services to seniors.
Medicare Advantage plans are privately-run and contract with the government health insurance program for the elderly to provide same benefits offered under traditional fee-for-service Medicare plus some extras like vision care, prescriptions or certain additional outpatient and wellness benefits.
In the Medicare Part D prescription drug program, precisely these market mechanisms were proven to reduce health costs 40% below projections, while Medicare Advantage shows how market competition leads to better benefits for seniors in the real world.
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