There’s been lots of action lately on health care reform, with the House passing its bill, endorsed by the AMA and AARP—in spite of the increasingly intense protests from Republicans, tea baggers, insurance companies, and pharmaceutical companies. The latter two have been hedging their bets over the past six months to make sure that they get something out of the deal. A front page story in the New York Times recently detailed how the drug companies have been increasing their prices in the past six months in anticipation of a requirement to discount prices.
•There will be no Medicare benefit cuts for seniors
•The “donut hole” will be closed so the 27,500 New Mexicans who fall into it will first see their costs cut in half then ultimately pay nothing
• The bill will extend the solvency of the Medicare trust fund by five years
•Subsidies to private Medicare Advantage plans will be reduced, as they are draining the regular Medicare program, and not always providing the additional benefits, as promised. Medicare Advantage enrollees here, will probably continue to be able to choose from generous benefit packages,Bingaman predicts, although the companies will now have to compete in places like Florida, New York and Massachusetts where the bulk of the savings will come from.
•Without reform, providers will see a 21.6% cut in Medicare payments next year—greater than the bills opponents (who, incidentally, supported these cuts in the Senate) are complaining about
•Co-pays for preventive care will be reduced and seniors will also benefit from
an overall shift to preventive and primary care, better funding for community
health centers, medical homes and some of the alternatives we have pioneered in
New Mexico to put the patient-- and not the procedure-- first.
http://tomudall.senate.gov/contact/contact.cfm
http://bingaman.senate.gov/contact/types/email-issue.cfm
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