Monday, April 7, 2014

Healthcare cuts canceled after Dem complaints

The Obama administration announced Monday that planned cuts to Medicare Advantage would not go through as anticipated amid election-year opposition from congressional Democrats.  The cuts would have reduced benefits that seniors receive from health plans in the program, which is intended as an alternative to Medicare.  Under cuts planned by the administration, insurers offering the plans were to see their federal payments reduced by 1.9 percent, which likely would have necessitated cuts for customers.

Read more at The Hill

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