Obamacare Is Draining Medicare Advantage Of Funding, Study Finds
Seniors who receive their health plans through the private-sector portion of Medicare have seen their benefits cut by an average of 21.8 percent since Obamacare’s implementation, according to an American Action Network study released Thursday.
The Affordable Care Act cut $716 billion from Medicare to fund Obamacare, including $176 billion of cuts affecting the Medicare Advantage program that nearly 18 million seniors rely on for coverage.
American Action Network broke down how the decrease in funds affected each congressional district in the study, creating a calculator to allow its users to check their individual districts, and calculated the national average of cut benefits was $2,976 annually.
Benefits will be cut in every district in 2017, but two districts in New York have been hit hardest, with a $9,802 or 46 percent decrease in benefits since 2010. Districts in Florida, Louisiana and the District of Columbia also saw deep cuts.
“Obamacare has spared no congressional district in its ongoing assault of seniors’ health care,” American Action Network spokeswoman Emily Davis said in a statement. “Obamacare’s cuts to Medicare Advantage are forcing millions of seniors to face higher costs, fewer benefits and less physician access. Each day, seniors nationwide are experiencing the broken promises of a disastrous health care law that is falling under its own weight.”
The group launched a $500,000 advocacy campaign to try and block additional cuts in March.
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