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View Diary: White House shoots down House Republican proposal on fiscal cliff (135 comments)

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  •  14 Billion a year in 2011 to private health (2+ / 0-)
    Recommended by:
    eps62, Constantly Amazed

    insurance company in subsidies by the US Government for those who offer Medicare Advantage or Medicare Part D.  

    These subsidies were originally offered to encourage private health insurance companies to participate in offering MA to this high risk pool of retirees or seniors.  The belief was that once private health insurance got involved, they could provide "medicare" at a more competitive cost than Medicare...faith based free market nonsense.

    The Medicare Advantage program costs 12% more to operate than real Medicare, because of that darned Profit + non-government executive salaries + government subsidies means that the only "advantage" in Medicare Advantage is really for the private insurance companies profit margin.

    This is one place to cut Medicare costs.  

    "Out of Many, One Nation." This is the great promise of the United States of America -9.75 -6.87

    by Uncle Moji on Mon Dec 03, 2012 at 04:16:51 PM PST

    [ Parent ]

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