Thursday, October 15, 2009

Medicare Advantage programs face more criticism during health care reform debate

The Washington Post has a front page story Thursday Oct. 15 “Hidden costs of Medicare Advantage,” Plans’ free perks are subsidized by government,” by Philip Rucker, link here. Some of the perks, like gym memberships, would not seem to belong to a program that the government subsidizes. Medicare Advantage was developed as a replacement for Medicare, which sometimes offers a better deal to relatively healthy, active seniors, but does not work well in certain situations.

I have been approached, during “retirement”, to be interested in selling this product; but I do not want to peddle products to others and to manipulate others into buying things that may not be in their best interest.

Medicare Advantage plans are likely to increase premiums and reduce benefits because of the indirect “burden” placed on them as part of “paying for” health care reform.

The media is also repeating the story this morning that seniors will not get a social security increase in 2010 because of the lack of formally defined price index increases.

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