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Its not free market but its technically more choice. Basically its taking a subsidy (Medicare funding") and offering it to 3rd parties willing to offer equal v
by IG_Semmelweiss 3y ago
Its not free market but its technically more choice.
Basically its taking a subsidy (Medicare funding") and offering it to 3rd parties willing to offer equal value, but shuffled around so the benefits are "chosen" by patients who know what's best for them.
Here is the secret: in almost all cases, regular medicare is better for most patients. You may pay more upfront (coins, copay) but there are fewer surprises.
- borski 3y agoIf they incentivize every insurance company the same way, and in the same amount, it is still a free market. The playing field is still level.
- CalChris 3y agoTraditional Medicare pays most but not all of covered health care costs. So to cover the gap in coverage there are private standardized Medigap plans. Plan G has no copays, coinsurance or deductibles except for the Part B deductible ($240/yr). Love Plan G. I would argue that Traditional Medicare has much more choice; most doctors+hospitals and all ERs accept Medicare Assignment. You can also go to the Mayo Clinic, Cleveland or Cedars Sinai with TM but rarely with MA.
- tpmoney 3y agoDoesn’t plan G have something like a 300-400 monthly premium on top of your $150 monthly part B premium?