“HHS Administrator Verma Issues Remarks at Better Medicare Alliance Medicare Advantage Summit,” InsuranceNewsNet

“Let’s consider the Medicare fee-for-service program, the model for the public option and Medicare for All proposals. Medicare’s payment policies have distorted the market. We have incredibly talented public servants administering the Medicare program and I am honored to work with them, but Government price setters can’t possibly access all the information in the market, leading them inevitably to set rates either too high or too low from time to time, leading to surpluses and shortages. … What works in the Medicare program is Medicare Advantage – because plans are competing on the basis of cost and quality, driving towards value and increasing choices for beneficiaries. Many of you are driving success in Medicare Advantage, and I thank all of you for the important work that you do.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Thoughtful remarks by the CMS Administrator.