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OBAMA plans new cuts to Medicare...

 
Doomer1981

User ID: 10500683
United States
03/14/2013 10:44 AM

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OBAMA plans new cuts to Medicare...
(CNSNews.com) – The Obama administration is planning new cuts to Medicare, a federal regulatory filing reveals, cuts that could mean higher premiums or seniors losing their coverage altogether.

The new cuts come in the form of a planned reduction in the reimbursement rates the government pays to insurance companies that operate Medicare Advantage plans, which are services administered by private for-profit or non-profit providers that offer additional services than can be found in traditional Medicare.

In a Feb. 15 regulatory filing, the Centers for Medicare and Medicaid Services (CMS) announced the surprised rate cuts of 2.3 percent – meaning it would pay health care providers 2.3 percent less for providing services to patients.

[link to cnsnews.com]
Doomer
Anonymous Coward
User ID: 36243252
United States
03/15/2013 04:48 PM
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Re: OBAMA plans new cuts to Medicare...
I work for one of these insurance companies. Everyone at work is worried they are going to be outta work soon. Some have worked here for 25 years. The VP is trying to get all of us to all write our congressman a letter today.

The word is a lot of these companies won't be able to stay in business if the rates get cut like this.
Anonymous Coward
User ID: 36243252
United States
03/15/2013 04:57 PM
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Re: OBAMA plans new cuts to Medicare...
This is a prime example of unintended consequences:

[link to www.wisopinion.com]
Anonymous Coward
User ID: 1244547
United States
03/15/2013 06:20 PM
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Re: OBAMA plans new cuts to Medicare...
This is a prime example of unintended consequences:

[link to www.wisopinion.com]
 Quoting: Anonymous Coward 36243252


awwww libs, how is this change working out for ya?
Anonymous Coward
User ID: 19563850
United States
03/15/2013 07:23 PM
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Re: OBAMA plans new cuts to Medicare...
Who says the consequences were unintended? Wake up, please.

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