Medicare Supplemental Insurance

Posts Tagged ‘Unitedhealth’

With the Centers for Medicare and Medicaid releasing the projected growth rates of the Medicare Advantage plan for 2010,   the results ended up smashing the stocks of those companies who derive a substantial amount of their business from these plans.  A report released from Goldman Sachs had this to say:

…however, the bottom line is that MA plans will need to cut benefits to maintain profit margins, which could be tricky with many more plans competing for MA lives relative to prior years.   At most, however, this represents an acceleration of the time frame given proposals already on the table to cut back MA funding (in fact, the Obama Administration is reportedly set to unveil broader MA funding cutbacks as soon as this week). The broader funding cuts are expected to be phased in starting in 2011, coincident with the termination of the MA private fee-for-service product (MA-PFFS) for most geographies.

Read the entire article and report here

P.S.  the termination of the MA private fee-for-service product for most geographies statement is because the new mandate states that they must establish a network for the plan to provide service through, those companies without a PPO or HMO network in those areas will not be able to offer a PFFS plan in those areas.

P.S.S  If you have any burning questions or need some advice on your current or future situation, call 1-888-535-0999 and ask for Travis