Tuesday, November 24, 2009

Reform Could Cut Medicare Advantage Provider Pay

By ARTHUR D. POSTAL

Published 11/24/2009
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WASHINGTON—Medicare Advantage payments to (insurance)providers under the Senate health care reform bill would be based on enrollment-weighted competitive bidding instead of the current system, a law firm says.

Under that bill, payments to providers would be reduced by $118 billion between 2010 and 2019, the traditional 10-year cost estimate period for federal budgets.

By comparison, the Budget Office estimates that the House bill would reduce Medicare Advantage plan payments by $170 billion in the same period.

The Senate bill is the Patient Protection and Affordable Care Act, and the House bill is H.R. 3962, the Affordable Health Care for America Act. read whole article

Comment
: It appears that the health care initiative which was started during the campaign. Has been hammered to death by politicians leveraging people's natural suspicion of anything different. But now it has gained momentum and hopefully will rise above the recationary idiocy we have seen too much of. We all look forward to an improved,caring, approach to medical insurance that will take us out of our third world status and finally give our country the health care it has earned at a price it can afford.

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