Obama’s Chief Actuary Says 50% of Seniors Will Lose Their Medicare Advantage Plans

From GOP Conference:

“If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”

President Obama, June 15, 2009

Despite President Obama’s pledge that all Americans would be able to keep their health insurance plans, the chief actuary of the Centers for Medicare & Medicaid Services (CMS) concluded that under ObamaCare, half of all seniors who have Medicare Advantage plans will lose their coverage.

In a new analysis of ObamaCare, CMS concluded:

“We estimate that in 2017, when the MA provisions will be fully phased in, enrollment in MA plans will be lower by about 50 percent (from its projected level of 14.8 million under the prior law to 7.4 million under the new law).” Page 11

For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare