Quote:
Originally Posted by JGVillages
Insurance companies that provide Advantage plans receive around $10,000 from the government to completely cover the individual with all Medicare Benefits and whatever (such as HMO vs PPO) else the Insurer adds as benefits. This "whatever" is what makes the Advantage premiums vary from actually receiving part of your $104 Medicare deduction back, to $0 premium, to $95 premium, and so on. Obama is taking money from the Advantage plans and putting it into Obama Care thus reducing this $10,000ish amount the Insurer will receive. The Insurer will then pass this reduced revenue they receive and increase Advantage Plans premiums to make these reductions up. Understand that the Medicare non- advantage plans, called Supplemental, will also be increasing with Obama Care. And since I contributed to Medicare all of my working life I will not be receiving something for nothing, but many who choose the entitled lifestyle will receive something for nothing with our premium increases.
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And you have been paying for those who had no medical coverage before Obamacare through increased insurance rates and hospital costs, so remember that too.
You are getting a lot more return for your money than you ever paid into Medicare. You were also covering costs of those getting advantage plans for nothing or reduced costs through taxes you paid. It had to come from somewhere.