Obamacare imperils Medicare Advantage
Ah, October. That time of year when we are confronted with small frights like the ghosts and goblins of Halloween, and huge frights like the letter from one’s health insurance company saying his premium for the coming year is about to take a monumental increase, thanks in no small part to the fees and mandates, and Medicare funding reductions, of Obamacare. My Medicare Advantage Plan premium proposes an increase of more than 60 percent, and co-pays for procedures see dramatic rises as well. And Obamacare does not really get under way until 2014.
Obamacare is a program that was said to decrease costs, to leave existing programs unchanged. While it contains a few good features, it also implements many fees and taxes (many starting this coming year) that will continue to burden us as more of the plan is implemented. It also continues to reduce funding to Medicare Advantage, which will change it dramatically or possibly eliminate it in the future.
Anyone on Medicare Advantage will continue to see these huge increases until Obamacare is repealed or modified, and these changes will only come with a new resident in the White House. When modified, some of the better features will undoubtedly be continued, and hopefully some features will be added that will actually help contain costs. So, if you are on Medicare Advantage and are unhappy with the cost increases you are seeing, you should not have to think too hard about how to vote this November.
Robert J. Andres