The coming reported battle over Medicare
President-elect
The president-elect won praise from conservatives for his pick of Price to serve as health and human services secretary.
The staunchly conservative lawmaker will be leading an agency with a
A six-term congressman and orthopedic surgeon, Price has been a vehement critic of President
Incoming Senate Democratic leader
Schumer appears to be right.
Like many
The
The Republican proposals are likely to lead deep cuts for those who use the program. The nonpartisan
On Medicare, Price has proposed switching it from a "defined benefit" to a "defined contribution." This means the government-run health insurance plan for the elderly and disabled will shift from a guaranteed government program to a risky and skimpy voucher program.
"Beneficiaries would have to pay much more to stay in traditional fee-for-service Medicare,"
During his election campaign, Trump promised to protect Medicare. In fact he said substantial changes to the popular program would be a political death wish. But the president-elect's selection of Price would indicate that despite his populist message and promises, the incoming Trump administration would face internal and external pressure to change Medicare.
House Speaker
With Price in his cabinet and with
(Reprinted from the


Want health coverage on New Year’s Day? Sign up before Christmas Eve.
Survey: Upstate employers expect 5-6 percent rise in health-care costs in 2017
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
More Annuity NewsHealth/Employee Benefits News
Life Insurance News