Even the most well-intentioned government actions risk backfiring when undertaken without due care and deliberation. Incremental, focused change helps ensure outcomes that align with the best interests of citizens. As former state governors, one a Democrat and one a Republican, we understand that principle, one we worked to make a hallmark of our administrations inAdvantage market, that’s a lesson the Centers for Medicare and Medicaid Services may have to learn the hard way.
Agents are working hard to keep up with new regulations, but the high cost of compliance may force many to step back from the Medicare Advantage market, an outcome we believe would run counter to the interests of the Medicare beneficiaries CMS is seeking to defend. It is perhaps no coincidence that a flurry of policy changes in the Medicare Advantage market arrived just when the program grew to become the single most popular form of Medicare coverage nationwide. As reported by theAmerican seniors love Medicare Advantage, and for good reason. Medicare Advantage plans are affordable for those on a fixed income, they cover enrollees’ Parts A and B Medicare benefits while filling many coverage gaps, and most include prescription drug coverage.
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