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Private Plans Costing More for Medicare
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Issue
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| Contributor | RP |
| Last Edited | RP Sep 17, 2004 04:38pm |
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| Category | Analysis |
| Media | Newspaper - New York Times |
| News Date | Friday, September 17, 2004 06:00:00 AM UTC0:0 |
| Description | Members of Congress expressed concern on Thursday about new data indicating that Medicare pays private health plans more than it would cost to care for the same patients in the traditional Medicare program.
Lawmakers of both parties raised questions about the payments, which were increased under the new Medicare law to entice more private plans to participate in Medicare.
Senator Jeff Bingaman, Democrat of New Mexico, said that "large overpayments to H.M.O.'s were built into the bill" that Congress passed last year, and he asked why people in traditional Medicare should bear the cost of such "subsidies."
The estimates do not include the cost of $10 billion in special bonus payments that the federal government can make to private plans as an incentive for them to enter or stay in the Medicare market from 2007 to 2013. |
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