The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
WASHINGTON, Sept. 29 -- The National Republican Senatorial Committee issued the following news release:
Despite Washington Democrats' oft-repeated claims that "if you like the health care you have, you can keep it," the Boston Globe reports that, U.S. Representative Paul Hodes (D-NH) and his fellow Democrats' massive health care overhaul will actually force 22,000 seniors in Massachusetts, New Hampshire, and Maine out of their Medicare advantage insurance plans at the end of the year:
Harvard Pilgrim Health Care has notified customers that it will drop its Medicare Advantage health insurance program at the end of the year, forcing 22,000 senior citizens in Massachusetts, New Hampshire, and Maine to seek alternative supplemental coverage
"We know that cuts in Medicare are being used to fund national health care reform. And we also had concerns about our ability to build a network of health care providers that would meet the needs of our seniors.''
In addition to this startling development, Hodes' health care bill cuts Medicare by $500 billion, endangers jobs, reduces benefits and raises costs for New Hampshire seniors, and could strip more than one million Americans of their health coverage.
"Instead of standing up for Granite State voters, Paul Hodes chose to ignore his constituents' best interests in order to rubberstamp his Washington party bosses' unpopular and costly health care overhaul, which will strip thousands of New Hampshire seniors of their Medicare benefits," said National Republican Senatorial Committee (NRSC) spokeswoman Amber Marchand. "Voters know that they simply cannot afford Paul Hodes' broken promises and reckless economic agenda in Washington, which is why they will elect fiscally responsible leader Kelly Ayotte to the U.S. Senate this November."
Rep. Paul Hodes (D-NH) Voted For The Democrats' Massive Health Care Overhaul. (H.R. 3590, CQ Vote # 165: Motion agreed to 219-212: R 0-178; D 219-34, 3/21/10, Hodes Voted Yea; H.R. 4872, CQ Vote # 167: Passed 220-211: R 0-178; D 220-33, 3/21/10, Hodes Voted Yea)
Hodes Claimed The Health Care Reform Bill Would Lower Costs.The [Nashua, NH] Telegraph, 4/7/10) "Hodes said reform will not only lower health care costs but also prevent insurers from denying coverage for pre-existing health conditions and eliminate caps on coverage. It will also close the so-called doughnut hole in prescription drug coverage by sending $250 rebate checks this year to Medicare recipients, he said." (Albert McKeon, "Questions On Care Shift Jobs Focus,"
"Harvard Pilgrim Health Care Has Notified Customers That It Will Drop Its Medicare Advantage Health Insurance Program At The End Of The Year, Forcing 22,000 Senior Citizens In Massachusetts, New Hampshire, And Maine To Seek Alternative Supplemental Coverage. The decision by Wellesley-based Harvard Pilgrim, the state's second-largest health insurer, was prompted by a freeze in federal reimbursements and a new requirement that insurers offering the kind of product sold by Harvard Pilgrim -- a Medicare Advantage private fee for service plan -- form a contracted network of doctors who agree to participate for a negotiated amount of money." (Robert Weisman, "Harvard Pilgrim Cancels Medicare Advantage Plan," Boston Globe, 9/28/10)
* Lynn Bowman, Vice President Of Customer Service At Harvard Pilgrim's Office In Quincy: "We Know That Cuts In Medicare Are Being Used To Fund National Health Care Reform.'' (Robert Weisman, "Harvard Pilgrim Cancels Medicare Advantage Plan," Boston Globe, 9/28/10)
PRESIDENT OBAMA: "If You Like Your Current Plan, You Will Be Able To Keep It. Let Me Repeat That: If You Like Your Plan, You'll Be Able To Keep It." (President Obama, Remarks At The White House, Washington, D.C., 7/21/09)
* OBAMA: "First, If You Are Among The Hundreds Of Millions Of Americans Who Already Have Health Insurance Through Your Job, Medicare, Medicaid, Or The VA, Nothing In This Plan Will Require You Or Your Employer To Change The Coverage Or The Doctor You Have. Let Me Repeat This: Nothing In Our Plan Requires You To Change What You Have." (President Obama, Remarks To A Joint Session Of Congress (As Prepared), Washington, DC, 9/9/09)
* OBAMA: "So If You Like Your Plan, You Can Keep Your Plan." (President Obama, Remarks On Health Care Reform, Strongsville, OH, 3/15/10)
VICE PRESIDENT BIDEN: "Nobody Is Going To Mess With Your Benefits. Nobody. All We Do Is Make It Better For People On Medicare." (Jessica Gresko, "Biden Tells Seniors Overhaul Won't Hurt Medicare," The Associated Press, 9/23/09)
TNS MJ88-JF78-100930-3029339 StaffFurigay