Nearly one-third of America’s seniors, approximately 16 million people, are enrolled in the Medicare Advantage program, a popular and privately run alternative to the traditional government-run Medicare program. The Obama administration is making cuts to the program to help pay for Obamacare, and on April 7 we’ll know just how deep those cuts will be. What we already know is that these cuts will result in increased costs, reduced benefits, and fewer coverage options.
According to a recently released Oliver Wyman report, the administration’s attack on the Medicare Advantage program will result in a 5.9 percent cut to payments in 2015, causing benefit reductions and premium increases for seniors averaging $35–$75 per month, or $420–$900 for the year.
These concerns have not yet materialized in full. But seniors are already unhappy with Obamacare. Fifty-seven percent of seniors say they disapprove of the president’s signature law, of which 44 percent strongly disapprove of said law.
— April Ponnuru is policy director for the YG Network.