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.
Tag Archives: Medicare change
Medicare and the Budget
In fiscal year 2010, Medicare spending totaled $524 billion, accounting for 20 percent of national health expenditures, 15 percent of the federal budget, and 3.6 percent of the gross domestic product (GDP).
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.
Health Care Reform Law and Part D
All the delays in passing the health care reform bill will also delay positive changes to Part D coverage. Seniors were supposed to get relief this year, but it appears that people who fall into the doughnut hole in 2010 will only get a $250 rebate. Changes that were supposed to take effect in 2010 have been moved to 2011.
Health Care Reform Law and Medicare
The Health Care Reform Law will affect Medicare in many ways. Cuts to Medicare Advantage plans and increases for primary care doctors are just some of the changes. The list is from The Medicare Rights Center.
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.
Medicare Advantage and HR 3200
House bill 3200 targets changes in Medicare Advantage that will effect enrollment periods and costs in the private plans.
AHIP Re-Certification Test for Agents
Independent agents selling Medicare Advantage plans must re-certify with each insurance company they wish to represent this fall. Agents can take the Medicare test offered by AHIP and have that test applied to testing requirements for each insurance company.
