Here is a list of changes to Medicare that have been proposed by various interest groups. By November, the “supercommittee” working on deficit reduction will let us know how they think Medicare should be changed to reduce spending.
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The Future of Medicare?
Under Congressman Paul Ryan’s plan, current Medicare beneficiaries and those 55 and older would get Medicare as it exists today. For everyone else, eligibility would begin at 69 and-a-half, and there would be a “standard Medicare payment” for the purchase of private health coverage.
Medicare Advantage: No Cuts in Election Year
Medicare Advantage plans will not face big payment cuts until 2012 as a result of the health care reform bill, avoiding a political hot potato in the 2010 election year.
Medicare Independent Payment Advisory Board
In the long list of provisions in the health care reform law that will affect Medicare, it looks like the most important element is the Independent Payment Advisory Board. This appointed board will have the ability to set policy for Medicare.
Why Democrats Hate Medicare Advantage
A recent report from Congress highlighted why Democrats hate Medicare Advantage. The study of Medicare Advantage plans’ revenues and expenses from 2005 to 2008 found that the average Medicare Advantage insurer spent over 15% of its revenues on marketing, administrative costs, and profits.
