Report: Seniors to Lose Benefits and Choices as a Result of CMS' Proposed Cuts to Medicare Advantage
On February 21, Centers for Medicare & Medicaid Services (CMS), released the 2015 advance notice, which include proposed changes to Medicare Advantage payments for next year. According to a new report from Oliver Wyman, these changes, if finalized, would result in a 5.9 percent cut to Medicare Advantage payments in 2015. This would result in seniors facing benefit reductions and premium increases of $35-$75 per month, or $420-$900 for the year, according to the report.
If the new changes proposed by CMS are implemented, the program would be hit by a double-digit cut over just a two-year period, causing cost increases and benefit reductions for seniors of $65-$145 per month, or as much as $1,740 over two years, according to the Oliver Wyman analysis.
Cuts of this magnitude could result in a “high degree of disruption in the MA market,” including the “potential for plan exits, reductions in service areas, reduced benefits, provider network changes, and MA plan disenrollment,” the report stated.
https://www.ahip.org/Issues/Medicare-Advantage.aspx
"If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you’ll see are falling costs as our reforms take hold." Odumbo, June 6, 2009.
Seniors in some states will experience premium increases and benefit reductions of $65-75 per month if the new proposed cuts are finalized.
http://www.ahip.org/News/Press-Room/...tm_campaign=MA
Guess this means you and the old gaffer will get a room, and 69 till noon. Talk about a WK. Originally Posted by i'va biggenUnsurprisingly, given your limited intellectual resources for reasoning, Ekim the Inbred Chimp, you "guessed" wrong.