Trump vs. Medicare

Should You Be Afraid of Huge Medicare Changes Under President Trump?

You’ve probably seen headlines warning that Republicans want to radically change Medicare. Potentially alarming words like “privatization” have been thrown around. Should you be afraid of major changes to Medicare now that President Trump is in the White House?

What’s being proposed

The most talked about GOP proposal to change Medicare is House Speaker Paul Ryan’s “A Better Way” plan. A key part of this plan is to roll back all of the Obamacare provisions related to Medicare. That effort is already under way.

One change sought by Ryan and other House Republicans include combining Medi-care Parts A and B and gradually increasing the Medicare retirement age from 65 to … (more…)

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One More Nail in ObamaCare’s Coffine

Count it as another nail in ObamaCare’s coffin: Humana, one of the country’s top insurers, announced Thursday that it’s pulling out of ObamaCare exchange plans in all but a few states next year. This follows the exit from the exchanges of such other giants as Cigna and UnitedHealth Group, also after outsized losses.

graph1It’s the much-feared “death spiral”: Too many older, sicker folks are resorting to ObamaCare policies, and not enough younger, healthy folks. So the average enrollee is running up higher bills than the insurers expected — and raising rates will only scare away even more lower-cost customers.

Meanwhile, the Obama Justice Department is moving to block health-insurer mergers — including an Anthem-Cigna deal as well as Aetna’s bid to buy Humana. Why? The White House fears the mergers would give the combined firms too much power to set rates, limiting consumer options.

(more…)

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