$2 Here, $2 There...Seniors Subsidize Private Medicare

The National Committee to Preserve Social Security and Medicare (NCPSSM), joined by the Alliance for Retired Americans, delivered 48,000 petitions today signed by National Committee members throughout the nation asking the Senate to eliminate or reduce billions in insurance industry subsidies to private Medicare providers and to strengthen the traditional Medicare program.
Medicare beneficiaries also waved $2 bills to symbolize the extra money they pay each month in Medicare premiums because of these industry subsidies.

The Senate Finance Committee is considering legislation that could include cuts to billions of dollars in subsidies to private insurers. These overpayments will cost the federal government $149 billion dollars over the next decade and cut two years from Medicare's solvency. Seniors want Congress to reduce those subsidies to improve and strengthen Medicare for future generations. Contrary to what the insurance industry claims, cutting industry subsidies is not the same as cutting Medicare.

Featured here is Max Richtman, NCPSSM Executive Vice President

Category:

News & Politics

Tags:

• medicare
• advantage
• privatization
• seniors
• insurance
• national
• committee
• to
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• social
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[MsGmon1]

Max & his group are the only ones on our side.

[Petie614]

So, you're saying the seniors who signed these petitions are, what? Stupid? You don't think they're smart enough to read and understand what they're signing? C'mon.

They do understand Medicare Advantage can't compete with regular Medicare...and that's why MA plans insist on being paid billions of dollars more.Let's see how many of these "incredible" plans stick around once the subsidies are over.

[raxar74]

I'm sure the 48,000 had no idea what they were signing, since chances are 20% of those were on Medicare Advantage plans. Medicare Advantage is an incredible program that really helps Seniors in need, those wishing to cut the program are really doing a disservice to our senior population.