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Author: jerryab Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1957718  
Subject: Romney lost it at Medicare Advantage Date: 10/3/2012 9:59 PM
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Medicare Advantage is a *premium* service seniors can choose to buy--at extra cost.

Romney said it is being cut. This is a lie. What is happening is the govt is no longer supporting Medicare Advantage because it is NOT cost effective (in terms of what the govt gets for its higher premium payment).

Medicare Advantage costs the govt ~14% extra for more services. The problem is simple: There is no significant gain by those who have Medicare Advantage vs regular Medicare. Paying 14% more and not getting more is a waste of taxpayer money and should be cut--per *conservative* logic (LOL).

Nobody is stopping the insurance companies from shifting the premium *allocation* to the consumers who CHOOSE to buy Medicare Advantage. If people do NOT want to buy it at the higher price they will be charged, that makes it a BAD DEAL in the first place (per the actual consumers).

Or don't conservatives want the "free market" to decide? LOL !!!
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