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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (529717)	11/16/2009 11:10:34 PM
From: bentway	1 Recommendation Read Replies (2) of 1575698

Obama: Medicare Advantage seniors won't lose coverage politico.com Stephanopoulos asks Obama to square the argument that seniors covered by private Medicare Advantage plans won't lose their coverage. Insurers have said that some seniors will likely pay more in premimums, get less benefits and lose coverage if the program's cut by the proposed $120 billion. And Democratic Sen. Bill Nelson has talked about introducing an amendment to shield current Medicare Advantage beneficaries from any loss of coverage. Obama: "Look, I understand that change is hard. If what you're saying is that people who are currently signed up for Medicare advantage are going to have Medicare and the same level of benefits, but they may not be having their insurer get a 14 percent premium, that's absolutely true and will the insurers squawk? You bet." Stephanopoulos: "They may drop the coverage." Obama: "No, these folks are going to be able to get Medicare that is just as good, provides the same benefits, but we're not subsidizing them for $18 billion a year."

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