CBO Testimony Echoes Insurers’ Claims About Cuts to Medicare Advantage Program

Insurance giant Humana, in a letter to members of its Medicare Advantage plans, says the Obama administration’s health care overhaul would cause sweeping cuts in benefits and services for those in the Medicare Advantage program. The director of the non-partisan Congressional Budget Office (CBO) said something similar when he testified before Congress earlier this week.

The health care bill currently under review in the Senate Finance Committee reportedly would cut payments to Medicare Advantage by more than $100 billion over 10 years. According to CBO Director Douglas Elmendorf, in testimony on Tuesday, those cuts and other changes "would reduce the extra benefits that would be made available to beneficiaries through Medicare Advantage plans."

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