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$8.3 Billion Medicare slush fund to try and fool seniors
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Health Care Reform
$8.3 Billion Medicare slush fund to try and fool seniors
<font face="arial, helvetica, sans-serif" size="1">Talk to others about health care reform, including the latest Affordable Care Act news and events. Support it? Don&rsquo;t support it? Here&rsquo;s where to discuss it.</font>
Call it President Obama&rsquo;s Committee for the Re-Election of the President &mdash; a political slush fund at the Health and Human Services Department. The most oppressive aspects of the ObamaCare
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Cat:91a4afbf-9555-4e02-b9d3-9eef604476f6Forum:8717bffd-6c93-46d9-bddd-a49d5e76e2be
Cat:91a4afbf-9555-4e02-b9d3-9eef604476f6Forum:8717bffd-6c93-46d9-bddd-a49d5e76e2beDiscussion:334fc064-a4bb-46bc-a3fc-d6f86cd90030

Forums » Health » Health Care Reform » $8.3 Billion Medicare slush fund to try and fool seniors

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Forums  »  Health  »  Health Care Reform  »  $8.3 Billion Medicare slush fund to try and fool seniors

$8.3 Billion Medicare slush fund to try and fool seniors

posted at April 23, 2012 9:39 AM EDT
Posts: 1
First: April 23, 2012
Last: April 23, 2012
Call it President Obama’s Committee for the Re-Election of the President — a political slush fund at the Health and Human Services Department.
The most oppressive aspects of the ObamaCare law don’t kick in until after the 2012 election, when the president will no longer be answerable to voters. More “flexibility,” he recently explained to the Russians.
But certain voters would surely notice one highly painful part of the law before then — namely, the way it guts the popular Medicare Advantage program.

As part of its hundreds of billions in Medicare cuts, the Obama one-size-fits-all plan slashes reimbursement rates for Medicare Advantage starting next year — herding many seniors back into the government-run program.

Under federal “open-enrollment” guidelines, seniors must pick their Medicare coverage program for next year by the end of this year — which means they should be finding out before Election Day.

But the administration’s devised a way to postpone the pain one more year, getting Obama past his last election; it plans to spend $8 billion to temporarily restore Medicare Advantage funds so that seniors in key markets don’t lose their trusted insurance program in the middle of Obama’s re-election bid. 

If he’s not stopped, Obama will spend $8 billion in taxpayer funds for a scheme to mask the debilitating effects on seniors of his signature piece of legislation just long enough to get himself re-elected.

Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/an_billion_trick_ImTBFfz7MeuZLJY7JzXEIJ#ixzz1ss2PDBSG

Re: $8.3 Billion Medicare slush fund to try and fool seniors

posted at April 27, 2012 9:19 AM EDT
Posts: 12532
First: February 29, 2008
Last: May 17, 2013
In Response to $8.3 Billion Medicare slush fund to try and fool seniors:
Call it President Obama’s Committee for the Re-Election of the President — a political slush fund at the Health and Human Services Department. The most oppressive aspects of the ObamaCare law don’t kick in until after the 2012 election, when the president will no longer be answerable to voters. More “flexibility,” he recently explained to the Russians. But certain voters would surely notice one highly painful part of the law before then — namely, the way it guts the popular Medicare Advantage program. As part of its hundreds of billions in Medicare cuts, the Obama one-size-fits-all plan slashes reimbursement rates for Medicare Advantage starting next year — herding many seniors back into the government-run program. Under federal “open-enrollment” guidelines, seniors must pick their Medicare coverage program for next year by the end of this year — which means they should be finding out before Election Day. But the administration’s devised a way to postpone the pain one more year, getting Obama past his last election; it plans to spend $8 billion to temporarily restore Medicare Advantage funds so that seniors in key markets don’t lose their trusted insurance program in the middle of Obama’s re-election bid.  If he’s not stopped, Obama will spend $8 billion in taxpayer funds for a scheme to mask the debilitating effects on seniors of his signature piece of legislation just long enough to get himself re-elected. Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/an_billion_trick_ImTBFfz7MeuZLJY7JzXEIJ#ixzz1ss2PDBSG
Posted by janeytom


Beginning in 2014, profit margins for Medicare Advantage plans will be capped as they will be required to spend 85% of their revenue on their enrollees. Most Advantage plans already meet this requirement, but some plans have spent as little as 70% of revenue on their enrollees. If you think these tough rules (and increased oversight) signal the end of Medicare Advantage, you would be wrong.   This was in an Arizona newspaper---but just GOGGLE  "medicare advantage not going away"   

Forums » Health » Health Care Reform » $8.3 Billion Medicare slush fund to try and fool seniors