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WASHINGTON Healthcare groups are applauding efforts being made in Congress to stop two different cuts to the Medicare budget both of which are due to sequestration requirements before it s too late.
One cut, part of the normal budget process, is a 2% or $18 billion cut in the projected Medicare budget under a process known as sequestration. Sequestration allows for prespecified cuts in projected agency budget increases if Congress can t agree on their own cuts. Medicare s budget had been slated for a 2% sequester cut in fiscal year 2020; however, due to the pandemic and the accompanying increased healthcare needs, Congress passed a moratorium on the 2% cut. That moratorium is set to expire on April 1.
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Congressman
Brad Schneider (IL-10) reintroduced legislation to extend pre-existing condition protections to cover Medicare beneficiaries.
Under current law, seniors and disabled are one of the last groups that can still be charged more for their pre-existing conditions. More than a quarter of seniors enrolled in Medicare Traditional are also enrolled in Medicare supplement insurance, known as Medigap. These plans are sold by private insurance to help cover deductibles, copays and other health care expenses, but are not covered by the Affordable Care Act s pre-existing conditions protections. Anyone under 65 enrolling in Medicare (for example persons with disabilities), or switching from Medicare Advantage to traditional Medicare, can be underwritten or denied a supplemental plan because they are sick.