Posts Tagged - ‘medicare advantage’

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Obama Promotes Healthcare Reform To Senior Citizens

Tuesday, June 8th, 2010

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Americans over the age of 65 have been among those most opposed to the Obama administration’s healthcare reform law. Several provisions result in cuts to supplemental Medicare Advantage programs, while most of the benefits have little impact on a demographic that is already insured.

President Obama is looking to change that through a speaking tour of “virtual town halls”. Recently, he was in Maryland, touting upcoming $250 prescription drug rebate for seniors. Eligible individuals will receive those checks later this year.

He has an uphill battle ahead of him: senior citizens must be convinced that most of the purported savings will in fact come from waste and fraud in the Medicare program, instead of negatively impacting the quality of their health insurance plans.

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Pro-Healthcare Reform Mailing Spawns Controversy

Thursday, May 27th, 2010

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Recently, the federal government sent out an informational pamphlet to millions of Medicare beneficiaries. What’s the problem with that?

The issue is that some people believe that the mailing crosses the line from information into propaganda. The pamphlet talks about how the positive impact the healthcare reform law is predicted to have on its recipients.

Republicans in Congress want the Government Accountability Office to investigate whether the cost of printing and sending the document was legitimate. They contend that the the information about medical insurance in it is biased and inaccurate.

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Insurers Will Keep Selling Medicare Advantage Coverage

Tuesday, April 27th, 2010

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Even if you’re not quite eligible for Medicare Advantage yet, it’s a heartening sight. Private health insurance companies predict that the upcoming cuts in payments to their programs won’t stop them from selling the supplemental plans after the majority of the subsidies end in 2014.

United HealthCare has stated that they will continue to sell their Medicare Advantage health insurance plans, and other major competitors will probably follow suit. About 10 million senior citizens have these policies.

Contrary to prior belief, it looks like healthcare reform won’t kill Medicare Advantage, although the programs may adapt to the new market. The best, most efficient plans will actually receive a 5% bonus in payments.

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Humana Reports Increased Profits

Tuesday, April 27th, 2010

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Humana, one of America’s major health insurance companies, has reported higher-than-expected profits for the first quarter. Their net income was $258.8 million.

Despite their success, investors fear that affordable health insurance reform will cut into those profits in the future. Much of the income resulted from Medicare Advantage programs, which will see cuts due to the new law. Their individual health insurance plans will be especially affected.

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