Millions of Seniors to Be Pushed Out of Medicare Advantage
U.S. Newswire, July, 2007
To: POLITICAL EDITORS
Contact: Contact: Mohit M. Ghose, Senior Vice President Public Affairs of America's Health Insurance Plans, 1-202-297-6396
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,...
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