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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (529717)	11/16/2009 10:49:54 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1575725

“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).

To: J_F_Shepard who wrote (529717)	11/16/2009 11:10:34 PM
From: bentway	1 Recommendation Read Replies (2) \| Respond to of 1575725

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."