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Article: Medicare shift to HMOs continuing. (movement of retirees to health maintenance organizations)
- Article from:
- Business Insurance
- Article date:
- March 24, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON - The rapid movement of retirees from traditional Medicare programs to health maintenance organizations is likely to continue even if Congress passes legislation reducing the growth of federal payments to HMOs, consultants say.
More than 4.3 million retirees now receive health care coverage through so-called Medicare risk HMOs, with roughly 80,000 to 100,000 new retirees moving into HMOs each month.
Many of these retirees also receive additional benefits from the HMOs, such as prescription drug coverage, reducing costs for employers that had been providing the supplemental benefits from their post-employment health care plans.
Benefit ...