UnitedHealth Group is the nation’s largest insurer of Medicare Advantage, a network of PPOs and HMOs established in 1997 that provides seniors with an alternative to the original Medicare Parts A and B. The program both significantly reduces out-of-pocket costs and provides better benefits, but it was targeted for major funding cuts under Obamacare.
UnitedHealth Group is already dropping thousands of doctors from Medicare Advantage plans in the hope that the doctors’ expensive patients will also leave their UnitedHealth plans. UnitedHealth’s CEO told his investors early last year that the Affordable Care Act would force the company to “reduce benefits and pull back access” for consumers.
Obamacare, which raids $300 billion from the privately run Medicare Advantage program, is squarely to blame. The cuts will begin affecting many seniors in 2014 and also mandates new Medicare Advantage rate reductions.
The Kaiser Family Foundation has estimated that more than 526,000 seniors enrolled in the program will have to switch to a different Medicare Advantage plan or go back to private insurance in 2014, while more than 105,000 seniors will be forced to leave Medicare Advantage altogether.
As Rep. Brad Wenstrup (R-OH) wrote to Centers for Medicare and Medicaid Services (CMS) administrator Marilyn Tavenner, thanks to Obamacare “our parents and grandparents, our greatest generation, could have to pay more for less choice when it comes to their health care.”
This is no way to treat America’s seniors, and it’s an absolute shame that no one has done anything to prevent it.