Which Seniors Will Be Hurt the Most if President Obama Succeeds in Cutting Payments to Medicare Advantage Programs to Subsidize Health Insurance for Young People?
Surprisingly, they are low-income and minority seniors, the ones most likely to be Democratic Party voters. Seniors enrolled in MA have lower incomes than the average senior in Medicare:
- 47% of MA enrollees have incomes below $20,000.
- Only 6% of MA enrollees have incomes above $50,000.
Hispanic and African-American seniors are most likely to choose MA over the traditional Medicare program:
- 1 in 3 Hispanic seniors are enrolled in MA.
- 1 in 4 African-Americans seniors are enrolled in MA.
- 1 in 5 White seniors are enrolled in MA.
- 1 in 6 Asian-Americans are enrolled in MA.
Obama said yesterday that seniors won’t lose a thing when they get kicked out of their MA plans. Ten million seniors know that that is not true.
I agree with Vicki.
What we’re getting is government paid health care for young people paid for by reducing beneifts for seniors. Obama never mentioned any of this when he was campaigning for office. If he had been honest about what kind of “health reform” he had in mind, he might not be president.
I agree Stephen C. If Obama hadn’t pretended to be something he wasn’t, he probably wouldn’t have been elected either. Blame the media that didn’t bother telling anyone anything about this man and who his friends were or what his beliefs were; it was all out there to be found. Now, that he is president, he is doing his best to completely take over and run our free market system starting with the banks, auto companies and now health care (the oil, gas, and all types of energy companies are next on his agenda if cap and trade passes………….as Maxine Waters said). These are pure and simple Marxists and total idiots, not business people, who are set to literally destroy our country in record breaking time.
Was the $14 billion that Obama said was the amount of Advantage Plans costs over Part D, caused by the “dual “dual eligibles” [Quimbies] who are over 65 with low income and substities?
These were said to cause 2/3rds of the Medicaid drug costs which generated rebates for state and federal Medicaid plans, and states had funds for these “claw backed” by CMS. The deficit commission recommended that seniors eligible for Medicaid be placed back into the state managed care programs,but with the 2006 “switch” rebate percentages increased! How’s that happen, going from 25% in 2005 to 38.5% in 2009, the lst year reports were published?