
Health Insurance Blog

Home › Health Insurance Blog › Medicare Under Health Care Reform

Medicare Under Health Care Reform

March 28, 2011

By Katie Banks+

Due to a reduction in waste, fraud, and abuse, as well as a slowing cost growth in Medicare, the life of the Medicare Trust fund will be extended to at least 2029 (a 12-year extension). This will provide you with future cost savings on your premiums and coinsurance.
Medicare plans on taking strong action to reduce payment errors and keep waste, fraud, and abuse at low levels. In addition, the President has made a commitment to reduce Medicare fraud by 50 percent before the year 2012. With the Affordable Care Act, an historic $350 million investment has been made to enforce this commitment. The financial boost will help prevent, detect and fight fraud in Medicare, as well as Medicaid and the Children’s Health Insurance Program.
In 2011, if you hit the prescription drug donut hole, you will get a 50% discount on brand-name medications. Every year after, the cost of prescription drugs in the donut hole will be reduced, until there’s complete coverage of the donut hole in 2020. Between now and then, you will get continuous Medicare coverage for your prescription drugs.
The coordination of care between doctors and the overall quality of care will be improved. This way, you will be less likely to experience preventable and harmful re-admissions to the hospital for the same condition. Hospitals will have new, strong incentives to improve your quality of care.
Starting in 2014, the Affordable Care Act will offer additional protection for Medicare Advantage Plan members. Such measures include taking strong steps that limit spending on administrative costs, insurance company profits, and things other than health care.

Comments for Medicare Under Health Care Reform

By Health Insurance on July 01, 2011

Some of the beautiful tips were noticed to all of us…
I like ur article,,,and also the advantages were too awesome to know…..Great site..
——————————————-
Kiran Reddy.
<a >Health Insurance</a>

By Adam on August 26, 2011

Due to a reduction in waste, fraud, and abuse, as well as a slowing cost growth in Medicare, the life of the Medicare Trust fund will be extended to at least 2029 (a 12-year extension).

By mma fight gear on September 08, 2011

Very informative, thank you. I’ve been blogging about health care reform on and off for almost 3 years, but have never seen an insurance agency such as yours do a good job of providing fair understanding of whats happening.
Cheers!

By garryl trim on September 13, 2011

Health insurance is of great importance but so is our governments fiscal health. Your reform will bankrupt medicare and our country.

By Burton Juelfs on September 21, 2011

Health care reforms needs to be carried out in small parts as it provides the way for the inclusion of new policies as and when required. This sweeping reform is causing caos. Insurance companies are clueless in this new environment and are also raising rates before things change. Insurance commissioners cannot regulate them now so they are going crazy.

By erin stenback on September 23, 2011

Health insurance is the main thing which every person should have in todays world , it is very helpful and save a lot money during emergencies . I love the health reform movement. It’s about time!

By chevy chase 25 on October 11, 2011

I agree. Medicare is very much necessary in todays life where any time accident can takes place. The question is will Medicare have any money left if they spend all the money on Obama care?

By chris martin on October 31, 2011

Health insurance is an important part of a individual’s life. It can help us in difficult times. Doctors should care about their patients.