Overall, the Affordable Care Act slashes Medicare Advantage funding by $156 billion in ten years, a reduction that Democrats and many journalists long insisted would not harm patients. Republicans, however, have continually warned of dire consequences.
Now, insurance companies, feeling squeezed, are nixing doctor contracts and patient plans to save money. Medicare Advantage plans are being dropped all over the country.
Nearly 4,000 UnitedHealthCare Medical Advantage members in Hawaii will have their plan terminated next year, according to the Honololu Star-Advertiser.
UnitedHealthCare Medical Advantage is also eliminating two plans in Broward County, Florida.
Read more: http://dailycaller.com/2013/11/08/se...#ixzz2kC0JPCbV
The article also cited 74,000 seniors in NJ who will face losing Advantage plans.
I do not have an "Advantage" plan. My annual premium increase should be getting here soon. I can hardly wait to see what happens.
For Medicare A & B, I am paying $103/mo. My Supplemental policy with BS is an additional $164/mo. Then separate drug coverage for $21/mo. My personal choice is also to carry nursing home insurance for $59/mo (taken out before I turned 50) I could have saved money with an Advantage plan which would have covered Part B & drug, but I didn't feel comfortable with the limited networks of the Advantage plan.