The Biden administration has finalized its move to slash Medicare Advantage despite claims from former President Donald Trump, impacting more than half of Medicare enrollees. Republicans and conservatives are criticizing Biden's decision, stating that it will cost seniors more money and reduce benefits.
Key Points
Biden administration cuts base payments for Medicare Advantage plans
Seniors could see reduced benefits or increased cost-sharing
Republicans and conservatives criticize Biden's decision
Cons
Impact on Medicare Advantage beneficiaries
Potential increase in healthcare costs for seniors