Are Alternative Medicare Plans Reducing Costs?

Private Medicare Advantage plans will be paid an average 12.4% more per enrollee in 2008 than the same enrollee would have cost in the traditional Medicare fee-for-service program, according to a new report from the Commonwealth Fund. I wanted to post this report to inform the public of the continued debate over the course of Medicare. In any study, one should question the calculations that are used to determine the results. I, personally, like the fact that seniors have a choice in receiving their healthcare insurance. The Medicare Modernization Act of 2003 has attempted to bring Medicare into today's behaviors and mindset. As the financial impact is calculated and debated, continue to be aware of these issues. Seniors can have a louder voice when informed about the issues. Take time to educate yourself or risk allowing others to make your decisions for you.