Talk of The Villages Florida - View Single Post - Medicare Advantage Plans A Failed Experiment?
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Old 06-16-2024, 10:15 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Peachbelle View Post
Heres what's currently going on with MA plans in Congress. These plans are funded 80% by Federal funds. Congress wants to lower that 80% funding given to insurance companies. When they do lower it you can bet that benefits with MA plans will be lowered. Once on MA plan you cannot change back to Medicare. Do you now get the "hook and bait" that Congress had planned?
Does the 80 percent include the Medicare Part B premiums paid by the retirees, or do the MA plans also receive those premiums in addition to the 80 percent?

Also, how much does it cost to operate the traditional Medicare program, to include the benefits paid to medical providers, and the salaries and benefits of the Government employees and contractors who manage the program (including lifetime pension and SS monthly payments after they retire)?