diamenz
06-06-2022, 06:49 PM
this is what people should be pissed off about. not all of the other shit you see on cnn & fox everyday. it's not 'fun' doe and you can't own the other side with it, right.
The largest-ever Medicare premium increase will pad the pockets of insurance executives who donated millions to the president’s election campaign.
Last week, the Biden administration quietly reaffirmed its decision to enact the highest Medicare premium hikes in history right before this year’s midterm elections. At the same time, President Joe Biden is endorsing a plan to funnel significantly more Medicare money to insurance companies and further privatize the government insurance program for older Americans and those with disabilities.
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.
The juxtaposition between dramatically increasing payments to private insurance plans that provide less care for higher costs on the one hand, and keeping seniors’ premiums artificially inflated on the other, underscores the Biden administration’s conflicting commitments when it comes to Medicare. On the 2020 campaign trail, Biden pledged as president to “...continue to defend our nation’s commitment to older Americans and people with disabilities through Medicare.”
“[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.”
All Medicare recipients pay premiums for outpatient care, which is called Medicare Part B. That money can be funneled into traditional government Medicare plans, or into Medicare Advantage plans run by private insurers that are incentivized to limit the amount of care that elders receive.
how does for-profit health insurance make more money? by denying care as much as possible. that's the entire problem with our for-profit health insurance system in this country.
...and you'd think republicans would be the ones leading the charge on this. nope, it's democrats. and you won't hear a DAMN thing about it on liberal media.
https://www.levernews.com/biden-hikes-medicare-prices-and-funnels-profits-to-private-insurers/
@oldtimer let this piss you off.
The largest-ever Medicare premium increase will pad the pockets of insurance executives who donated millions to the president’s election campaign.
Last week, the Biden administration quietly reaffirmed its decision to enact the highest Medicare premium hikes in history right before this year’s midterm elections. At the same time, President Joe Biden is endorsing a plan to funnel significantly more Medicare money to insurance companies and further privatize the government insurance program for older Americans and those with disabilities.
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.
The juxtaposition between dramatically increasing payments to private insurance plans that provide less care for higher costs on the one hand, and keeping seniors’ premiums artificially inflated on the other, underscores the Biden administration’s conflicting commitments when it comes to Medicare. On the 2020 campaign trail, Biden pledged as president to “...continue to defend our nation’s commitment to older Americans and people with disabilities through Medicare.”
“[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.”
All Medicare recipients pay premiums for outpatient care, which is called Medicare Part B. That money can be funneled into traditional government Medicare plans, or into Medicare Advantage plans run by private insurers that are incentivized to limit the amount of care that elders receive.
how does for-profit health insurance make more money? by denying care as much as possible. that's the entire problem with our for-profit health insurance system in this country.
...and you'd think republicans would be the ones leading the charge on this. nope, it's democrats. and you won't hear a DAMN thing about it on liberal media.
https://www.levernews.com/biden-hikes-medicare-prices-and-funnels-profits-to-private-insurers/
@oldtimer let this piss you off.