April, 2008

Baucas Tackles Cuts in Subsidies for Medicare Advantage Montana Senator Max Baucas, Chairman of the U.S. Senate Finance Committee, wants to reduce funding of Medicare Advantage Plans. Why? Because a government study showed that insurance companies on average were being paid an additional 13% above the cost of traditional Medicare. What would be the result of this? There are several things that could happen. One is that once the funding is reduced, insurance companies might withdraw from the Medi...