One of the reasons that Obamacare remains unpopular is that it raids Medicare to pay for Obamacare. It especially targets the popular Medicare Advantage program, which allows seniors to chose their benefits from private insurers (which bid competitively for contracts) instead of going to providers who are reimbursed via traditional Medicare’s obsolete, government-dictated, fee schedules.
Despite the negative outlook for private insurers’ continuing participation in Medicare Advantage, carriers continue to innovate. I recently interviewed Dr. Randall Krakauer, MD, Aetna's National Medical Director, about Aetna’s new Retiree Care Plus plan for Medicare beneficiaries whose former employers pay for their Medicare premiums as a retiree benefit. The key advantage of Retiree Care Plus is that the contract lasts for five years. The five-year term allows Aetna to better manage beneficiaries' chronic illnesses.
Read the entire article at Forbes.com's The Apothecary.