Wednesday, March 07, 2012

My health insurance

My health insurer is the largest in the nation--CMS. Haven't heard of them? It has been in the news a lot--often with scandals, over charges, out of control costs, and incompetency. Its owners are constantly in hot water for unexplained cost increases. Just last week I got a "This is not a bill" for my 2010 flu shot. Its owner is seeking a massive expansion through it's other health plans so it can put the competition out of business by first cutting costs and expanding coverage, then by raising costs when there are no options left. Here's it's full name in case you don't recognize the acronym. Centers for Medicare and Medicaid Services.

In a 2009 study by Kaiser Family Foundation , the average household on Medicare spent 14.1% of its income on health care, compared to 4.3% spent by non-Medicare households. Of this amount, 62.9% went to premiums for Part B, Part D, and Medigap, 18.1% goes to prescription drugs, 15.3% to medical services, and 3.8% to medical supplies. Out-of-pocket spending for Medicare beneficiaries grew from 11.9% of income in 1997 to 16.1% in 2005, in spite of the advent of Medicare Part D.
Medicaid and CHIP Provide Health Coverage to nearly 60 million Americans
Fraud and Abuse in Medicare
"In the latest effort to enlist seniors in the fight against Medicare fraud, federal officials have overhauled Medicare billing statements to make it easier to find bogus charges without a magnifying glass." Washington Post, March 6, 2012

1 comment:

suef said...

I'm not quite there yet, but I believe that I don't have the option to opt out of Medicare and find my own insurance?