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Study Finds Premium Support Plan Could Raise Medicare Premiums In Many Parts of Country

October 17, 2012

The type of proposal championed by Republicans to overhaul Medicare by giving beneficiaries a fixed amount of money to purchase insurance could lead to significant increases in premium costs in some parts of the country, according to a new study.

If the plan had been in place in 2010, six in 10 Medicare beneficiaries—about 25 million people both in traditional Medicare and in private Medicare Advantage plans —would have faced higher premiums if they didn’t switch to a cheaper plan, according to researchers at the Kaiser Family Foundation. (KHN is an editorially independent program of the foundation.)

Read the full story: http://bit.ly/RwcJnS

Source: Kaiser Health News