Medicare Advantage base payments will be cut 0.16% in 2025.
The Biden administration, says U.S. Rep. Virginia Foxx, R-N.C., "Just kneecapped 33 million seniors," a group at least one analyst says may not realize it until after already casting a vote on whether President Joe Biden stays in the White House.
U.S. Rep. Dr. Greg Murphy, R-N.C., two weeks ago forecasted "a day of reckoning" for Medicare Advantage plans.
Seniors account for 51% of the Medicare Advantage enrollment, a large portion of which are expected to lose $30 to $50 a month in value of their supplemental benefits.
The Centers of Medicare & Medicaid Services on Monday made the cut official, and that despite a letter from Foxx and 44 other Republican members of the U.S. House of Representatives urging otherwise.
The members of Congress, in their letter, said "Insurers offering MA plans are already signaling that plan benefits may be cut which will undermine the program and hurt seniors." The Government Accountability Office has reported Medicare issuing $47 billion in improper payments.
Rick Scott R-Fla., Mike Braun, R-Ind., and J.D. Vance, R-Ohio, said other groups estimate Medicare fraud at about $60 billion annually.
https://www.thecentersquare.com/north_carolina/article_44172b7a-f1e0-11ee-8024-5f3f5ea3e1a4.html
No comments:
Post a Comment