Seniors could Lose Medicare Advantage Health Insurance

Kathleen Blanchard's picture
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President Obama may be sending mixed messages about seniors being able to keep their Medicare Advantage plans, currently serving roughly 10.2 million seniors. Obama says a large portion of cutting spending toward health insurance reform will come from Medicaid and Medicare Advantage plans, yet he also told Americans they will be able to keep their current health insurance if desired.

According to Karl Rove, in an article from the Wall Street Journal, “The problem for Mr. Obama is that he lacks credibility when he asserts his plan won't add to the deficit or won't lead to rationing; that people can keep their health plans; that every family's health care will be better, not worse; and that a government run plan isn't a threat to private insurance.” He says Americans are wary. Cutting twenty percent of Medicaid and Medicare spending for health insurance reform could eliminate Medicare Advantage health insurance plans.

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Medicare Advantage health insurance plans offer benefits above and beyond Medicare part B, making the option popular for seniors.

Should President Obama cut spending by eliminating Medicare Advantage plans for seniors, most would lose their current health insurance.

More clarification from the Obama staff is needed to get Americans completely comfortable with health insurance reform. Obama stated in late July, in New Hampshire, "if you like your health-care plan, you can keep your health-care plan."

WSJ

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