Insurers launch new TV ads against Medicare Advantage cuts
By Sam Baker - 03/18/13 05:45 PM EDT
It's the second television ad America's Health Insurance Plans (AHIP) has launched in a far-reaching lobbying campaign to block the proposed cuts. More than 100 members of Congress, representing both parties, have also written letters to the Medicare agency protesting the proposed cuts.
The agency recently proposed a 2.2 percent cut in payments to Medicare Advantage — Medicare plans administered by private insurance companies.
The 2 percent cut would come on top of reductions included in President Obama's healthcare law. All told, according to AHIP, plans would have to find benefit cuts or premium increases worth $50 to $90 per customer if the cuts go through.