Privatization of Medicare?
Guys, it's happening already. And, I'm completely OK with that. Here's what's happening: You get Part A - the government picks up all the cost of that you get Part B - the government picks up all, or most (except for $134 for most recipients) of that You choose your Part C - THAT'S where the privatization comes in. The Part C - you pay a small amount (if that - my monthly this next year will be ZERO). The federal government picks up the rest. The government then pays these private companies to run the claims for all of the recipients in their plan. If it costs them MORE than the amount budgeted, the company takes the hit. If it costs them LESS than the amount budgeted, the company takes the profit. There is a huge financial incentive in these companies to get, and keep, you healthy. To that purpose, most have agreed to pick up fitness memberships, which should improve the overall health of the Medicare recipient. Could they just deny most, i...