Report suggests the end of the Medicare Advantage program

Medicare Advantage

Government Accountability Office considers Medicare Advantage unsustainable A new report from the Government Accountability Office (GAO), an investigative arm of the U.S. Congress, is calling for the end of the country’s Medicare Advantage initiative. The Advantage program provides expanded health care benefits to those participating. The report calls into question whether the program is financially sustainable for the country and suggests that current and future administrations should focus more on improving the benefits that are associated with the Affordable Care Act. Advantage program draining country resources The report notes that…

Read More

Premiums decrease and enrollment increases for Medicare Advantage

According to the Department of Health and Human Services, the part of the Medicare program that provides recipients with the ability to select their own private insurance have seen a drop in their premiums by an average of 7 percent, and there has been an increase in enrollment by 10 percent. According to Kathleen Sebelius, a Health and Human Services secretary, this has been an ongoing trend for Medicare Advantage system, which helps to work against the negative forecasts that have been made by those in opposition to the health…

Read More

Avoiding misconceptions about Medicare to sidestep financial struggles

Medicaid insurance plans standards

According to the outcome of a study performed by Bankers Life and Casualty Company Center for a Secure Retirement, a startling number of retired individuals in the middle-income bracket who are on Medicare either do not understand or they misunderstand the costs and coverage provided by the program, which can lead to unexpected expenses. The research, whose findings were included in the report entitled “Retirement Healthcare for Middle-Income Americans”, examined data regarding 400 pre-Medicare individuals in the baby boomer generation (aged 47 to 64), as well as 400 adults in…

Read More