Excerpt: The Medicare Advantage program is an important option for seniors that allows for more covered benedits and lower out-of-pocket costs than traditional fee-for-service Medicare. We are therefore concerned about the short- and long-term implications of the QBP and the broader cuts to the program enacted through PPACA. The Committee continues to be concerned that this demonstration program is merely masking the looming Medicare Advantage cuts, and that the program is in serious jeopardy because of the magnitude of PPACA’s cuts which the government’s own actuary estimates will result in the loss of 50 percent of the enrollment in Medicare Advantage.
To read the letter to HHS, click here.
To read the letter to CMS, click here.