STAT April 3, 2019
Michael Adelberg, Kristin Rodriguez

Private Medicare Advantage plans offer seniors services that aren’t available through the traditional Medicare program.

Nearly a quarter century ago, then Speaker of the House Newt Gingrich said this about the original Medicare program: “We believe it’s going to wither on the vine because we think people are voluntarily going to leave it — voluntarily.”

Gingrich argued that original Medicare — based on a 1960s-style fee-for-service benefit package with a confusing set of deductibles, co-insurance, and copays — was stuck in the past. He saw a day when Medicare-contracted private health plans would prove so attractive that Medicare beneficiaries would have to choose them.

It’s taken a generation, but Gingrich is on the verge of being right about Medicare.

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Topics: CMS, Govt Agencies, Health System / Hospital, Insurance, Medicare, Medicare Advantage, Patient / Consumer, Payer, Payment Models, Physician, Primary care, Provider, Value Based
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