Medicare Advantage Analysis
This article was written to let insurers know that Medicare Advantage is the only safe portion of the Affordable Care Act (Obama Care). Since last year the plan has added nearly 900,000 members. According, to the latest federal data, the managed -care version of Medicare has grown to 18.7 million since December 2016. Almost 4 million members have enrolled in UnitedHealth Group, Humana, Aetna, and Kaiser Permanente alone. The Government must have a plan in place to insure America, why not build off the Medicare Advantage Plan?
It has been broadcasted all over the internet and television that President Elect Donald Trump and his party are wanting to get rid of portions of the Affordable Care Act. Eliminating the IRS penalties for those that …show more content…
Since 1981, Medicaid had the largest reduction in federal Medicaid spending. Congress later created this program after private companies claimed they could not meet the medical needs of disabled and senior citizens cost effectively like Medicare and still make a profit. The Government initially paid bonuses to these agencies to keep investors happy, which in turn cost Medicare even more money. It was renamed the Medicare Advantage Plan in 2004. The plan provides beneficiaries the opportunity to receive health care from a variety of options, including private fee-for-service plans, managed care plans and medical savings accounts. In 2007 the Government changed the plan. It increased payments to insurance companies.
The Medicare Advantage Plan also known as Part C or MA Plans. Plan are offered by private companies approved by Medicare. Insurable clients can still have Medicare Part A and B coverage. Part C helps insurers with extra coverage like vision, dental, hearing as well as Part D prescriptions. Part A covers inpatient hospital stay, hospice care, nursing homes and some home healthcare. Part B covers doctor services, out- patient care, medical supplies such as wheelchairs, oxygen equipment and blood sugar monitors and preventative care such as HIV, Mammograms, Diabetes and
It has been broadcasted all over the internet and television that President Elect Donald Trump and his party are wanting to get rid of portions of the Affordable Care Act. Eliminating the IRS penalties for those that …show more content…
Since 1981, Medicaid had the largest reduction in federal Medicaid spending. Congress later created this program after private companies claimed they could not meet the medical needs of disabled and senior citizens cost effectively like Medicare and still make a profit. The Government initially paid bonuses to these agencies to keep investors happy, which in turn cost Medicare even more money. It was renamed the Medicare Advantage Plan in 2004. The plan provides beneficiaries the opportunity to receive health care from a variety of options, including private fee-for-service plans, managed care plans and medical savings accounts. In 2007 the Government changed the plan. It increased payments to insurance companies.
The Medicare Advantage Plan also known as Part C or MA Plans. Plan are offered by private companies approved by Medicare. Insurable clients can still have Medicare Part A and B coverage. Part C helps insurers with extra coverage like vision, dental, hearing as well as Part D prescriptions. Part A covers inpatient hospital stay, hospice care, nursing homes and some home healthcare. Part B covers doctor services, out- patient care, medical supplies such as wheelchairs, oxygen equipment and blood sugar monitors and preventative care such as HIV, Mammograms, Diabetes and