Gleaned from Yid With Lid:
Obama Policies Force Another 700,000 Seniors to Switch Health Providers
Last year we heard it over and over, I’m talking of course about President Obama’s promise that if you like your plan you can keep it. Well forget it. Today it was discovered that another 700,000 Seniors will have to change plans, because health insurers are shutting down certain types of plans because of legislative changes and looming cuts to federal funding.That is on top of the announcement in August that three million seniors would have to get new providers.
Cigna Corp., Harvard Pilgrim Health Care, several Blue Cross Blue Shield plans and others aren’t renewing hundreds of Medicare Advantage plans, which are Medicare policies administered by private insurers. The moves will displace some 700,000 beneficiaries who must find new policies, according to Humana Inc., a large seller of Advantage plans.
For 2011, the Kaiser Family Foundation said there will be a 13% decline in the number of Medicare Advantage plans.