Seniors and people with disabilities enrolled in Medicare Advantage plans will face higher premiums, reduced benefits, and loss of coverage options if new Medicare Advantage cuts proposed by the Obama administration take effect next year, according to a new analysis by Oliver Wyman prepared for America's Health Insurance Plans.
AHIP has been pushing back hard against proposed cuts to the program in the last week, and commissioned a study to examine the cuts in-depth.
The report by consulting firm Oliver Wyman estimates that the new proposed payment cut—combined with the reform law's payment cuts and taxes—will result in benefit reductions and premium increases of an average $50 to $90 per month for a typical Medicare Advantage beneficiary next year.
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