Health Insurers Bid to Take Elderly Poor Out of U.S. Plans

Health Insurers Bid to Take Elderly Poor Out of U.S. Plans - Bloomberg: The U.S. may save as much as $125 billion over a decade if health insurers manage care for about 9 million people now covered by Medicare because of their age and Medicaid because they’re poor, the companies have told Congress.

America’s Health Insurance Plans, the Washington- based trade group for insurers, is lobbying the congressional supercommittee studying debt reduction to allow states to hire health plans such as UnitedHealth Group Inc. to direct care for the indigent elderly and disabled, whose medical needs now cost taxpayers as much as $230 billion a year.

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