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Medicare Meltdown Is Here: We Told You So

Posted on Thursday, October 3, 2024
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by Outside Contributor
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14 Comments
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Two years ago, liberals rushed through their first installment of the Green New Deal (aka, the Inflation Reduction Act), which raided Medicare to pay for Biden’s weird obsession with windmills, solar panels, and batteries.

This summer, the Biden-Harris administration acknowledged the impending financial distress for Medicare drug plans that UP senior fellow and University of Chicago economics professor Casey Mulligan and his colleague Tomas Philipson warned about. The administration proposed a temporary bailout for insurers to prevent huge premium hikes from hitting before the election. They labeled the bailout with the Orwellian title of “demonstration.”

We expect the cleanup to be almost as messy as the original. Half of seniors are in Medicare plans that are ineligible for the bailout. So far, the Biden administration has been tight-lipped on how exactly each of the Medicare Advantage plans will be adapting to their administration-inflicted wounds.

The small bit we know as of October 1 is that benefit cuts are on the way, such as the dental benefit cuts just released by one of the major insurers in Florida.

Reprinted with permission from The Committee to Unleash Prosperity. 

The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.

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PaulE
PaulE
1 month ago

Ultimately, the Democrats mean to find ways to accelerate the bankruptcy of Medicare to provide the necessary pretext for their so-called Medicare for All single payer solution, that will put the government in complete charge of all aspects of medical care. After all, it’s all about more power in the hands of unelected bureaucrats that know better what you need than you or your doctor. If you’ve never seen how single payer works up close, you’re in a real treat…and NOT in a good way.

Months delay for getting access to most critical care situations. Routine denial letters from the government after waiting weeks or months for any sort of expensive medical care or procedure. Must keep costs down after all, even if it causes needless pain and suffering or death. So-called primary care doctors will be dispensing prescriptions for cheap pain pills like crazy, so their patients can hopefully endure the weeks or months of pain before the government approves or denies access to more advanced medical care.

Nancy Gold
Nancy Gold
1 month ago

This is the stupidest article I read about Medicare issues. The problem is with Medicare Advantage, I.e the the privatization of Medicare. Plans are being dropped because they don’t earn a profit. Stick with traditional Medicare.
NO ITS NOT THE FAULT OF THE DEMOCRATS OR THE REPUBLICANS. It is corporate greed.

Cate W.
Cate W.
1 month ago

What and WHY??
UKRAINE (endless wars) funding has absolutely taken from the needs of the US?

Allan B
Allan B
1 month ago

When Presidents and Vice Presidents commit illegal acts the remedy is impeachment.

Marie
Marie
1 month ago

I hope the Democrat loyalists will wake up before their Medicare coverage is gone…bankrupted by dole outs to illegals and the green new deal of the Democrat’s flawed governance.

Rob citizenship--
Rob citizenship--
1 month ago

There should not be any secrecy about medical / health care services . Information about any changes should be right up front , open , accessable to the public , especially the people who are members of the various insurance programs effected by new policies. This secrecy is uncalled for. It is comparable to anything on the list of grievances found in the Declaration of Independence . For government to be disrespectful to the citizens of this Nation is something that indicates a system that is not healthy . Let’s get things done in a healthy manner – American citizens deserve honesty and this Medicare problem needs to be fixed — real quick . Enough time has been spent with providing excuses , Healing is the word that describes what is needed. Like First Aid needs to be applied in an emergency situation. So the message to government is start fixing what needs to be fixed. Be forthright for a change – that will be a real change – a real good change.

Walt
Walt
1 month ago

My wife and I are working on finding new insurance coverage we just got letters we will not be covered in 2025 because aetna is canceling our policy for 2025. We have 36 days to find new policies and there are notes on most of the new policies we are looking at that say we may be required to pay $175 per month to cover our medicare out of pocket

Sheets
Sheets
1 month ago

Couldn’t ever find how much in dollar amount the dental plan cut will be. Site just went in a circle : current-next…..

Pete
Pete
1 month ago

but the politicians don’t understand how Medicare works–it costs as much for Medicare as it would costs me for insurance thru an employer. And under Joe and the Ho, my part B supplement went from $140 a month to $240 a month. So how is Medicare for all going to work when people don’t have the funds to pay the premiums. And it is still insurance; I went on Medicare before I went on SS. I sent in a check for Medicare and it went to an insurance company, not the govt.

David Millikan
David Millikan
1 month ago

This is what happens when you let democrats run things.

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