P@triot
Diamond Member
- Jul 5, 2011
- 61,495
- 11,717
The Obama administration seems determined not to rock the boat before the midterm congressional election this fall.
Its already delayed Obamacare mandates that could cause outrage. Now it has stopped proposed Medicare changes that werent even part of Obamacareand with good reason.
The administration had proposed new rules for seniors prescription drug plans in Medicare Part D. This is significant because Part D is unusual for a government program:
Obama's Medicare Move: Pacifying Seniors Through the Midterm Election
Its already delayed Obamacare mandates that could cause outrage. Now it has stopped proposed Medicare changes that werent even part of Obamacareand with good reason.
The administration had proposed new rules for seniors prescription drug plans in Medicare Part D. This is significant because Part D is unusual for a government program:
- People love it. Nearly 90% of beneficiaries are satisfied with their plans.
- Its cost-effective. The programs cost is running 48% LOWER than originally estimated, and seniors premiums have been impressively stable.
- It showcases the success of competition. Medicare is unwieldy and needs reformand adding the prescription drug benefit expanded the programs reach. But the reason it has worked better than expected is that privately run plans are competing for seniors business.
Obama's Medicare Move: Pacifying Seniors Through the Midterm Election