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Medicare & Medicaid News

Ideas on Cutting Cost of Medicare Released by Medicare Rights Center

Medicare advocate also unveils updated fact sheets on Medicare deficit reduction proposals

May 20, 2013 - The Medicare Rights Center, New York, recently released its latest fact sheet in a series on ways to reduce the Medicare deficit. The latest resource, “Build on What Works: Medicare Cost Savers,” outlines proposals to eliminate wasteful spending in Medicare and promote the delivery of high value, affordable health care.

 

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Medicare Rights also issued an updated and revised series of fact sheets on some of the Medicare proposals that achieve savings for the federal government by shifting costs onto people with Medicare.

Medicare Rights endorses solutions that do not increase costs or cut benefits for the 50 million older adult and beneficiaries who rely on Medicare, which it describes as in stark contrast to the proposals that have been offered.

Their Medicare cost savers that also promote high-value, quality care include:

   ● restoring drug rebates for low-income Medicare benefciaries;

   ● introducing a public Medicare drug benefit;

   ● maximizing the use of generic prescription drugs;

   ● creating a public Medicare supplement;

   ● eliminating wasteful overpayments to Medicare Advantage plans;

   ● expanding the competitive bidding program; and

   ● advancing innovative delivery and payment system reforms.

“Many of the proposals to change Medicare would shift costs to beneficiaries without addressing the real threat to our nation’s economic health—rising health care costs system-wide,” said Joe Baker, president of the Medicare Rights Center. 

“But there are ways we can tackle costs without making people with Medicare pay more, all while strengthening the Medicare program and ensuring high-quality care at a lower price.”

In addition to the newest fact sheet, all of the past fact sheets in the series have been updated with the most recent figures and versions of each plan. Most fact sheets are accompanied by a short video explaining the proposal.

To learn more about Medicare deficit reduction proposals, click on the links below or follow Medicare Rights Center: www.medicarerights.org, Facebook, Twitter and Youtube.

Medicare: Strong and Built to Last

More Medicare Cost Sharing

Premium Support

Raising the Eligibility Age

Medigap Cost Sharing

Increasing Premiums for the Wealthy

Medicare Rights Center is a national, nonprofit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities through counseling and advocacy, educational programs, and public policy initiatives. 520 Eighth Avenue, North Wing, 3rd Floor, New York, New York  10018; 1224 M Street, NW, Suite 100, Washington, D. C. 20005  ∙  www.medicarerights.org 

 

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