#MedicareAdvantageCuts

The Centers for Medicare and Medicaid Services (CMS) announced a proposal to cut payment rates to private insurers who administer Medicare Advantage, a popular alternative to the government-run health program for seniors.  The proposed cut inspired strong reactions by both parties.  Rep. Joe Pitts, the chairman of a House panel on health, summed up Republican sentiments with his statement:  “The health law cut more than $300 billion from the popular Medicare Advantage program, potentially forcing hundreds of thousands of beneficiaries to find new health care plans, despite the president’s promise...The cuts announced today will only exacerbate the effect this will have on the health care of millions of our nation’s seniors, leaving them with higher costs and fewer choices.”  Meanwhile, Democrats sided with CMS's principal deputy administrator's (Jonathon Blum's) assessment: “We believe that plans will continue their strong participation in the Medicare Advantage program in 2015 and beneficiaries will continue to have a wide array of high quality, high value, low cost options available to them while at the same time we are making certain that plans are providing value to Medicare and taxpayers."

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