Tag Archives: Medicare Advantage
September 3rd, 2013 | 1
It’s the silly season again for Medicare. It comes around whenever a political campaign is about to begin, as it is for next year’s mid-term elections. Florida Republican Sen. Marco Rubio has been talking about Medicare quite a bit lately and raising an issue that’s been hanging around since the elections of 2010: that the Affordable Care Act takes money out of Medicare by shortchanging Medicare Advantage plans.
Speaking to the Bay County Chamber of Commerce a few weeks ago, Rubio said one of the things the health reform law did was take “a tremendous amount of money out of the Medicare Advantage program, not to fund Medicare or to make Medicare more solvent, but to fund the health care law.” Politicians love to play ball with benefits for seniors.Continue Reading
Medicare Funding at Risk of Being Drastically Reduced: What Does This Mean for the Rest of Us? Blake Pappas
July 17th, 2013 | 0
Medicare and Medicaid are two of the largest expenses the federal government undertakes. Due to this, these are often areas that receive some sort of cut when a financial crisis occurs. Currently, there are benefits that are being cut by the Obama administration in order to help reduce the national deficit. These cuts are going to affect individuals who are currently using Medicare, so if you or someone you know and love receives benefits from Medicare, there are a few different altering adjustments you need to be made aware of. This way you can try your best to plan accordingly.Continue Reading
July 1st, 2013 | 0
On July 1, Medicare begins a second round of competitive bidding for medical equipment and supplies, such as diabetes testing strips that beneficiaries use to check their blood sugar levels. There’s nothing remarkable about any of this except that the industry is fighting to make sure that competitive bidding does not happen.
This fight is emblematic of the difficulty Medicare has containing costs when the profits of sellers of medical goods and services are at stake. As we know, one person’s savings is often the loss of another’s income. We also know that industry folks squawk mighty loudly to Congress when their income is threatened.Continue Reading
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