Congressional Budget Chief Testimony Confirms Impact of House Bill;
Millions More to Face Benefit Cutbacks, Higher Costs
WASHINGTON, July 26 /PRNewswire-USNewswire/ -- Nearly three million
seniors would lose their Medicare Advantage coverage under legislation
proposed in the House of Representatives, according to the non-partisan
Congressional Budget Office (CBO).
(Logo: http://www.newscom.com/cgi-bin/prnh/20040830/AHIPLOGO )
In testimony before the Ways and Means Committee this evening, CBO
director Peter Orszag said that under the CHAMP Act, Medicare Advantage
enrollment would fall from approximately 8.2 million currently to 5.5
million in 2012, a reduction of 33 percent from current enrollment levels.
Karen Ignagni, President and CEO of America's Health Insurance Plans
(AHIP) said that the CBO estimates confirmed that millions of seniors would
no longer have access to the enhanced benefits, coordinated care,
preventive services, disease management programs and out-of-pocket
protection that Medicare Advantage plans provide.
"This legislation would be devastating to millions of seniors who count
on Medicare Advantage for their health security," said Ignagni.
Ignagni added that most of the 5.5 million remaining Medicare Advantage
beneficiaries would be faced with significant benefit cutbacks and higher
out- of-pocket costs if Congress moves forward with the plan to drastically
cut payments to Medicare Advantage plans.
America's Health Insurance Plans -- Providing Health Benefits to More
Than 200 Million Americans
SOURCE America's Health Insurance Plans
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Related links:
http://www.ahip.org/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20040830/AHIPLOGO
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CONTACT:
Contact: Mohit M. Ghose, Senior Vice
President Public Affairs of America's Health Insurance Plans,
+1-202-297-6396
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