Thursday, December 30, 2010

The Sixth Day of Obamacare

7,400,000 MA Benes Losing:  According to the Medicare actuary, enrollment in Medicare Advantage (MA) will be cut in half as a result of the health care law, from a projected 14.8 million in 2017 all the way down to 7.4 million.  One insurer has already dropped out of the MA program entirely due to the law, meaning seniors will face fewer choice of plans.  And those seniors who still have access to an MA plan will pay higher costs as a result of the Medicare Advantage cuts – the Medicare actuary projects an $873 per year increase in out-of-pocket costs for MA beneficiaries, thanks to the law.

On the sixth day of Obamacare, the government gave to me:

7,400,000                             MA benes losing

0                                              Oversight hearings

159                                         Boards and programs

16,500                                   IRS agents

21                                           Federal lawsuits

And a health insurance mandate “fee”