More than 160 members of Congress raised concerns to the Medicare agency about the negative impact a proposed new cut would have on seniors. On April 1, 2013, the Medicare Agency responded to these concerns by making adjustments to lessen the impact on seniors. Learn more.
An analysis by Oliver Wyman estimated that CMS' proposed payment cuts combined with the reform law's payment cuts and taxes will result in benefit reductions and average premium increases of $50 to $90 per month for Medicare Advantage beneficiaries. Learn more.
The health care reform law includes cuts to Medicare Advantage (MA) that will have a significant impact on millions of seniors. The $200 billion in cuts are the largest the program has ever seen. Independent, non-partisan, government agencies have forecast that these cuts will mean 3 million seniors will no longer be enrolled in Medicare Advantage. The new health insurance tax included in the health reform law will also result in seniors facing an average of $220 in higher out-of-pocket costs and reduced benefits next year and $3,500 in additional costs over the next ten years.
The Coalition for Medicare Choices is a fast-growing, national grassroots organization of more than 1.3 million people who receive their health care coverage through a Medicare Advantage plan. Join the effort by contacting your United States Senator at 1-877-58-SENIOR (1-877-587-3646) to tell them to save your Medicare Advantage plan. Follow us on Facebook and Twitter for the latest news and updates.
To learn more about how Medicare Advantage plans are more effective than the traditional, fee-for-service (FFS) part of Medicare click here.