Possible end of Medicare as we know it - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 6, 2022 Newswires
Share
Share
Post
Email

Possible end of Medicare as we know it

Brattleboro Reformer (VT)

COMMENTARY

MARY ALICE BISBEE Have any of you who are eligible for Medicare noticed any changes in the past few years? Perhaps you have bought into the new Medicare version that has been widely advertised called Medicare Advantage, (MA). Are you aware that MA is a wholly privatized system that no longer lets you use the public Medicare program as you once used it? Maybe your large business, State of Vermont health plans, public school health plans, or other large employers have automatically switched you over to a MA plan without you having any say in the decision if you are over 65 years old and retired?

And just maybe you haven't noticed that you are now under ONECARE VT, an Accountable Care Organization (ACO)? Or if you are employed by a smaller employer, are self-employed or completely retired and whether or not you are receiving retiree benefits, or Medicaid, your bills are now being paid not by your insurance company to whom you make payments, but rather by what is called a (DCE) Direct Contracting Entity). Due to a great deal of public criticism about turning our healthcare system over to greedy Wall Street contractors and ACO's, CMMI is changing the name to REACH without substantial changes. Taxpayers and private citizens paying premiums are now supporting private insurance companies, hospitals and Wall Street contractors as our government system crumbles and providers are being dictated to by economists.

The Center for Medicare and Medicaid Services (CMS) has recently said it wants all traditional Medicare beneficiaries in "value-based" programs by 2030, whatever that means. Under Obamacare, Congress has given up oversight of CMS to a newly formed branch of CMS called the Center for Medicare and Medicaid Innovation (CMMI) which is okaying this privatized system without any need for Congressional oversight.

Is this what we as Vermonters and Americans want to happen? Is it truly an "innovation" we want to see? Many of us would like to see a return to a totally public system but improve it to include dental, hearing and vision care. Then we could gradually decrease the age of eligibility to 50 and lower it more to cover all Americans by raising the cap on those who pay into the federal tax system.

An NPR recent podcast on health care reform included an aphorism by a former president of PNHP who used the phrase "USA, Universal, Simple and Affordable."

If you would like to learn more about how our traditional government run and controlled Medicare system is slowly becoming entirely a private run entity with no government controls at all, you may want to join a Zoom meeting on either May 10 or June 6. These two informational meetings are being sponsored by the Community of Vermont Elders (COVE) and the Vermont Chapter of Physicians for a National Health Program (VTPNHP). Please contact either of these organizations or check your Front Page Forum (FPF) or town events column for the times and links. There will also be time for questions. You may also contact the registration link at "We're All In This Together" at [email protected] . You then may want to contact our Congressional delegation and ask them what is going on and what they plan to do about it. This may also affect your decisions in the upcoming Primary and November elections.

Mary Alice Bisbee is a retired hospital and nursing home social worker now living in Montpelier. The opinions expressed by columnists do not necessarily reflect the views of Vermont News & Media.

Older

Hybrid Long-Term Care Insurance Tips for Business Owners Shared by AALTCI

Newer

California Three letters that explain why single-payer fails: EDD

Advisor News

  • Will rising retirement needs spark an annuity boom?
  • Living longer, retiring poorer: Why fragmented systems are failing Americans
  • Women say their advisors respect them, but talk down to them
  • How PEPs compare with traditional 401(k)s
  • Allianz studies why 42% of Americans retire sooner than expected
More Advisor News

Annuity News

  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • NAIC regulators continue pushing for annuity illustration updates
More Annuity News

Health/Employee Benefits News

  • Turning 65 brings Medicare enrollment choices
  • Affordable Care Act enrollment in Illinois continues to drop, new state data shows
  • Clark County residents warned to brace for health insurance rate hikes next year
  • Researchers at Memorial Sloan-Kettering Cancer Center Describe Findings in Clinical Oncology (Impact of health insurance coverage on dentition status prior to hematopoietic cell transplant: A 10-year single-institution observational study): Clinical Oncology
  • Colorado lupus patients can't afford 'most favored nation' drug pricing | PODIUM
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
  • VUL sales skyrocket in Q1, signaling major market shift
  • KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet