AHIP Statement on New CBO Report Showing That Senate Legislation Will Cut Medicare Advantage Enrollment by 2...( WASHINGTON July 9 -- The Congres...),Health

WASHINGTON, July 9 /PRNewswire-USNewswire/ -- The Congressional Budget Office (CBO) estimates that Medicare legislation currently being considered in the U.S. Senate (H.R. 6331) would decrease enrollment in Medicare Advantage by about 2.3 million individuals over the next five years. Karen Ignagni, President and CEO of America's Health Insurance Plans (AHIP) issued the following statement:

"More than two million seniors across the country stand to lose their Medicare Advantage benefits if these cuts become law. This could have devastating impact on seniors who rely on the extra benefits and lower out-of-pocket costs these plans provide. While it is important that Congress address the physician payment issue, they shouldn't take away seniors' health care choices in the process."

The CBO report is available here: http://www.cbo.gov/ftpdocs/95xx/doc9550/hr6331GreggLtr.pdf.

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