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Changes in Medicare Could Affect You
Shortly before Easter the House of Representatives passed legislation that’s supposed to fix once and for all the formula the government uses to pay doctors who treat Medicare patients. The Senate is expected to agree….
Changing Medicare from an insurance plan that pays virtually all a person’s medical costs (assuming they have Medigap coverage) has been a long-standing goal of many Republicans and Democrats, too. The end game is to convert Medicare into what’s known as a premium support or a voucher plan. Under this arrangement the government would give seniors a sum of money to buy whatever coverage they wanted in the open market. The plan would be similar to the subsidies that 8 million or so Americans receive for Obamacare policies. Whether such vouchers will keep pace with medical inflation over the years is unclear. The same applies to Obamacare subsidies. The current legislation doesn’t go that far yet, but senior advocates see it as a foot in the door. Here’s what it will do: Read more…