Agnostic.com
1 1

Biden Hikes Medicare Prices and Funnels Profits to Private Insurers

The largest-ever Medicare premium increase will pad the pockets of insurance executives who donated millions to the president’s election campaign.

In effect, the higher premium increases will subsidize the larger payments to — and profits for — private insurance corporations. This comes after Biden raked in roughly $47 million from health care industry executives during his 2020 campaign.

[scheerpost.com]

Well, it isn't like some of us in this group didn't warn you about it. I've posted numerous articles from Sludge over the years to indicate how both parties are in the pockets of these various healthcare corporations in which they constantly kick the can of socializing any sense of it down the road, only to flip the cost to you eventually while taking away. Well, here you go, another aspect to diminish the little rise you thought you were getting. Just like every aspect of our governing, those that come later will pay the price for someone else's false sense of security they put a belief in thinking they have. We just keep helping them put more into poverty and killing ourselves.

{The Biden administration announced on May 27 that due to “legal and operational hurdles,” Medicare recipients won’t see their premiums lowered this year, even though that rate was originally hiked last November in large part due to the projected costs of paying for a controversial Alzheimer’s drug that Medicare now says it generally will not cover.

The administration’s announcement comes as Biden officials move forward with a jolting 8.5 percent hike in payments made to private insurers operating Medicare Advantage plans next year.

But since taking office, Biden has expanded Medicare privatization by launching the involuntary ACO REACH program and through continuing to promote ever-increasing Medicare Advantage enrollment, and he has also raised premiums for Medicare recipients. The result, advocates say, is a situation in which Medicare’s sturdiness as an American institution is being steadily chipped away by well-connected corporate interests.}

And just like I warned in the run up to 2020, those of us not yet there to be punished for corporate benefits, would most likely end up helping to pay for your care also is now written in stone. As though we don't carry each other enough, the selfishness of last days went as futile to all of us. Crass? It has to be said, sadly. No one has a problem being crass towards me when they blissfully or ignorantly dismiss my time.

{“[The] privatization effort is reaching a frantic state, and Medicare Advantage is going to fail,” said Bill Kadereit, president of the American Retirees Education Foundation, due to the fact that the plans must pay profits to investors, unlike traditional Medicare plans. “The industry is hoping to cover up that failure with taxpayer subsidies that none of the taxpayers understand.”}

😟 “Medicare Advantage insurers such as United Healthcare, Anthem, and CVS/Aetna are celebrating record profits in the tens of billions of dollars,” said Dr. Susan Rogers, president of Physicians for a National Healthcare Program. “Their business plan is simple: inflate their Medicare payments by making seniors look sicker than they are, and then pocket more of those Medicare dollars by ruthlessly denying seniors’ care.”

Meanwhile, more than 7 million seniors live in poverty and 7.3 million seniors are food insecure 😟

William_Mary 8 June 5
Share
You must be a member of this group before commenting. Join Group

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

1 comment

Feel free to reply to any comment by clicking the "Reply" button.

1

And most people over 65 have no idea what is wrong with Medicare Advantage plans, they just think it's cheaper and better for them, until they actually need to use it for a serious illness. They believe the bullshit TV ads with celebrities pushing it and talking about all the free extra benefits that most seniors will never get from those plans. It's the most blatant form of false advertising out there, but since both parties get huge money from those companies, the FTC and congress will never do anything about it, because both parties want to privatize Medicare after they run it into the ground, same as the Postal Service..

Recent Visitors 9

Photos 120 More

Posted by William_MaryIf You Wish Someone a Happy Memorial Day, You Fail to Understand Its True Meaning The mythology perpetuated at Memorial Day benefits no one save the militarists and war profiteers.

Posted by LufahyuMedia Sources; people from all walks and ideologies peruse a variety of source material available on the Internet, some more reliable than others.

Posted by joy2loveThe Neuroscience of Illusion - Scientific American

Posted by CherokeemanBlessings y'all.

Posted by Archeus_LoreA good meme for religious people to see . . . .

Posted by William_MaryIt has been questioned if Einstein actually made this statement.

Posted by William_Mary“The ideas of the ruling class are in every epoch the ruling ideas, i.

Posted by William_MaryHowever we have an escape-------[wsws.org]

Posted by William_MaryKeep people from their history, and they are easily controlled.

Posted by William_MaryThis fairly explains our political woes within our citizenry when it comes to the voting process that's managed within only 2 parties with their perceptions managed by propaganda designed to support ...

Posted by William_MaryI can pretty much apply this thought to just about everyone who has attempted to challenge my agenda here in this group, and my comments on social media in regards to our political arena.

Posted by William_MaryBy Apr.

Posted by William_MaryThe working class holds the strength to change the world for a better society for everyone. We just need to refuse to remain indoctrinated into their manufactured delusional reality.

Posted by William_MaryWhen the state is controlled by corporations and the ruling class.

Posted by of-the-mountainHas sanity and respect for all female, male, and children’s healthcare been suspended by these obstructionists republican fascists with their overt agenda against the people of this country!!! Are ...

Posted by William_MaryWorld's Most Tyrannical Regime Can't Stop Babbling About "Human Rights" We saw the change in coverage because Washington and its imperial spinmeisters only care about human rights abuses insofar as...

  • Top tags#DonaldTrump #world #government #media #video #society #money #republicans #democrats #truth #death #military #laws #USA #reason #democratic #god #policy #evidence #vote #politics #politicians #children #hope #hell #BernieSanders #rights #campaign #created #corporate #population #fear #religion #BarackObama #Police #book #community #TheTruth #friends #Russian #religious #relationship #China #economic #nation #capitalism #freedom #propaganda #kids #wars ...

    Members 1,692Top

    Moderator