The Homa Files

Ken’s Take: Apparently, when it comes to healthcare reform,  squeezing corporate profits is more important than saving money …

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From WSJ, A preview of coming political health-care attractions, Sept 22, 2009

The Baucus Bill slashes $123 billion over the next decade from Dems-hated Medicare Advantage program – meaning that many (all?) seniors may lose this coverage.

Why do the Dems hate it?

Because profiteering insurers are “overpaid.”

Seniors like it is because private insurers focus on quality and preventive care and try to manage benefits, as opposed to simply paying bills.

In fact, one-fourth of beneficiaries have chosen it over traditional fee-for-service Medicare.

A new study finds that seniors on Advantage … spent 30% fewer days in hospitals over fee-for-service patients.

http://online.wsj.com/article/SB10001424052970204488304574427200839672342.html#mod=article-outset-box

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This entry was posted on September 25, 2009 at 7:55 am and is filed under Health Care / Medical Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.