General Discussion

underpants

(182,950 posts)

7. Basically Med Adv plans are cash cows for Insur. Providers via Medicare payments

Wed Sep 17, 2014, 11:45 AM

Sep 2014

The link below is not going to really back what I post ($ cuts from Medicare to Med Adv IP's) but bare with me.

Med Adv are draining money (YOUR TAX DOLLARS!!) out if the system. ACA does plan to either get rid if them or not make them marketable eventually. The proposed cuts were reversed due to insurance lobbying to keep their scam going and Republican threats.

I think that the example you gave is a double dip. Either the IP was expecting the Medicare cuts so they were passing it on to the consumer (hey the have to make their money) .... which eventually will make the plans less marketable. OR the IP got the cuts reversed AND passed it on to the consumer anyway. Med Adv plans are bad news for the system but seem good to the consumer. Your coworker should shop around - it may still be a good thing for them but eventually it won't. There are other plans out there.

Googled - ACA Med advantage

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/07/obama-administration-reverses-proposed-cut-to-medicare-plans/

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Why are Medicare Advantage premiums going up almost 300% in NC? [View all] Kelvin Mace Sep 2014 OP

RECing for answers. SammyWinstonJack Sep 2014 #1

Thanks Kelvin Mace Sep 2014 #2

For one thing, it looks like they are giving more realistic amounts yeoman6987 Sep 2014 #5

So, I should tell him Kelvin Mace Sep 2014 #9

I am saying that his numbers are now in line yeoman6987 Sep 2014 #15

Here's the way he sees it: Kelvin Mace Sep 2014 #21

Gee, let's see: A for-profit entity sees a way to gain more money. Hmmmmm....... WinkyDink Sep 2014 #3

Wow that's quite an increase! newfie11 Sep 2014 #4

my copays go up every year just like that librechik Sep 2014 #6

Basically Med Adv plans are cash cows for Insur. Providers via Medicare payments underpants Sep 2014 #7

So, to clarify Kelvin Mace Sep 2014 #13

Probably yes underpants Sep 2014 #27

Thanks. Kelvin Mace Sep 2014 #30

There is a reason that Medicaid would want to make Med. Adv. less marketable. Med. Adv. just jwirr Sep 2014 #20

Advantage plans have been unrealistically low forever SoCalDem Sep 2014 #8

Much more succinctly put than I did underpants Sep 2014 #29

It is due to the ACA Sgent Sep 2014 #10

So, a 5% reduction warranted Kelvin Mace Sep 2014 #11

Actually a 5% cut would justify that premium increase. bornskeptic Sep 2014 #39

Because ACA took the subsidies (or at least many of them) away Recursion Sep 2014 #12

I do not agree. I had the same services provided directly through Medicare/Medicaid until the jwirr Sep 2014 #23

If I recall, YarnAddict Sep 2014 #14

I thought the ACA was Medicaid not Medicare? KatyMan Sep 2014 #16

Medicare Advantage plans replace regular Part B of Medicare. And because sinkingfeeling Sep 2014 #17

This message was self-deleted by its author dixiegrrrrl Sep 2014 #18

Also, people can switch their Medicare D plans between Oct and Dec, dixiegrrrrl Sep 2014 #19

I like my part D provider but I regret signing up for their Med. Adv. program. How do I get back to jwirr Sep 2014 #26

I would call Medicare, actually. dixiegrrrrl Sep 2014 #35

Thanks. I will try that. jwirr Sep 2014 #37

None of Part D Kelvin Mace Sep 2014 #22

Yeah...sorry, my bad... dixiegrrrrl Sep 2014 #25

You are correct. Medicare and Med Adv provide the exact same services. Adv. charges Medicare for jwirr Sep 2014 #28

When I first signed up with Medicare, RebelOne Sep 2014 #33

I would be interested in info about those eye drops. dixiegrrrrl Sep 2014 #36

Because the current state of affairs with respect to health insurance in this country sucks. NCTraveler Sep 2014 #24

Ask George W. Bush who put that costly arm in Medicare..... TheNutcracker Sep 2014 #31

It has been expected for some time madville Sep 2014 #32

Sounds right, Progressive dog Sep 2014 #34

Healthcare in the US is a for-profit commodity. ergo the middlemen will insert extra fees Doctor_J Sep 2014 #38

Make sure you friend shops other plans during the open enrollment period coming up next month crazylikafox Sep 2014 #40