Healthcare

The convoluted political thinking about Medicare

Back in 2015 Congress passed the Medicare Access and CHIP Reauthorization Act of 2015 and the President signed it into law on April 16, 2015.

Among many changes to Medicare, it prohibits Medigap plans that reimburse for the Part B deductible. The thinking of Congress (by a great majority) was that by eliminating out-of-pocket spending beneficiaries are inclined to care less about costs. That’s the same logic behind high deductible health plans that are prominent in Obamacare.

In addition, the law increased the Part B premium sharing for hundreds of thousands of beneficiaries.

One could easily characterize these changes as cuts to Medicare, but let’s not go there now.

What is interesting is that scores of politicians who voted for this legislation are now supporting Medicare-for-All that eliminates virtually all cost-sharing; no deductibles, no out of pocket costs … all free.

Advertisements

What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s