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Medicare Advantage cuts will cost seniors, AHIP says

AHIP fights back against proposed Medicare Advantage cuts, saying the move will cost seniors as much as $900 more in 2015.

By Kathryn Mayer | Updated on February 28, 2014

The Obama administration’s proposed cuts to Medicare Advantage could not only cost seniors in terms of benefits and choices, it may literally cost them up to $900 more next year, the health insurance industry is arguing.

America’s Health Insurance Plans, the carrier group that has for months urged the administration to leave the program alone, slammed the administration’s moves to the program in a new report this week. In it, it said seniors and people with disabilities enrolled in Medicare Advantage plans would face premium increases and benefit reductions of $35-$75 per month, or $420-$900 next year. Numbers were crunched by consulting firm Oliver Wyman.

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