Medicare Advantage is Going Bye Bye in 2010

Well Care and Coventry, two of the largest companies in the Medicare
health insurance business will no longer be offering Medicare Advantage
in 2010.

Yes, they will be totally out of business, as they can no longer
afford to offer the Medicare Advantage plan. Why is that? This is
because the government is reducing the amount of money paid to
companies who offer Medicare Advantage.

When things like that happen, it puts companies out of business, as
they are no longer able to compete to retain the business. The bad part
here is that Medicare Advantage was over funded by the government and
thus paid out more to the doctors in various networks. This meant the
program would hardly ever run a profit unless it were funded by the
government.

To learn more about Medicare, Medicare supplements, or Medicare supplement insurance visit GoMedigap.com.