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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (529717)	11/16/2009 10:49:54 PM
From: i-node	1 Recommendation Read Replies (1) of 1575984

“If you’re a Medicare Advantage enrollee ... the Congressional Budget Office says that 80 percent of them are going to lose their Medicare Advantage.” I never heard this but the figure isn't 80% or 64% it is 100%. ALL Medicare Advantage programs disappear under the House Bill, as the funding beyond Medicare rates is totally cut, and without that, there is no money in MA for the insurance companies. Period, end of story. As it now stands MA plans receive funding to cover the admin costs that the government saves. This includes the profits that allow Medicare Advantage companies to operate. Without that, the entire industry shuts down, overnight. Were the House bill signed into law, all MA plans would disappear immediately on passage of the effective date. Choosing not to enroll in Medicare Advantage is different from “losing” it. Nonsense. ALL MA plans would shut down. Why would they continue to operate at all if the 17% allowed for profits, finance, and admin was terminated? If the House bill passes, you lose your MA coverage. Don't be an idiot. (Just kidding, I know you can't help it).

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