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Originally Posted by Aces4
Before one gets too excited about how wonderful Medicare Advantage is, they may want to perform an online search how $307 billion has been moved away from Medicare Advantage and is to be used to fund other “special projects”. Cuts to Medicare Advantage may be coming.
Announced in January, a new “advance notice rule” proposing to cut funds for Medicare Advantage in a move that could cost seniors up to $540 per year in benefits.
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I did the online search trying to get as close to a reliable source as possible. From HHS.gov published Feb 17 2023:
"Despite industry-funded reporting indicating otherwise, the (current) Administration is not proposing cuts to Medicare Advantage. In fact, the Administration is proposing to increase Medicare Advantage payments this year by 1%, on top of an 8.5% increase in Medicare Advantage payments last year. The Administration also announced efforts to strengthen Medicare and hold industry accountable. This year, it will start recovering improper payments made to insurance companies in Medicare Advantage through audits. Recovering these improper payments and returning this money to the Medicare Trust Funds will protect the fiscal sustainability of Medicare and allow the program to better serve seniors and people with disabilities, today and in the future."