Obama Privatizes Medicare for Dual Eligibles

Avik Roy tells us:

Under a new provision in ObamaCare, the Centers for Medicare & Medicaid Services — CMS — created a pilot program called the Financial Alignment Initiative to put dual-eligibles under the management of private insurers…

For states to gain CMS’ approval to participate, CMS required that states promise that the private plans they employ cover the full range of traditional Medicare benefits, and that the savings would benefit both Medicaid (which is partially funded by the states) and Medicare. 15 states have already been approved for the program, and 26 more have applied for it.

Lest we forget, Roy reminds us:

During the campaign, President Obama blasted away at Mitt Romney’s proposal for Medicare reform, because, according to Obama, “no American should ever have to spend their golden years at the mercy of insurance companies.”

Comments (8)

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  1. Bruce says:

    Hypocracy, thy name is Obama.

  2. Jennifer says:

    Did we JUST find out that Obama has been lying to all of us?

  3. seyyed says:

    seems like a good idea though, don’t know if people should be upset because its not traditional Obama

  4. Louise says:

    I agree — seems like some privatization is a step in the right direction. I suppose flip-flopping is a concern, but for other reasons perhaps.

  5. Timmy says:

    I agree, I dont mind if Obama starts moving to a more free market approach.

  6. Bill Radiar says:

    “no American should ever have to spend their golden years at the mercy of insurance companies.”
    I guess Obama can predict our futures…

  7. August says:

    I’d like to hear a discussion on the merits of the the pilot programs instead of a quick jab at the president over a one liner.

  8. CatherinaLucy says:

    I think the Obama is doing his work in a correct way.
    http://www.medicareamerica.com/