Medicare actuary: Reform will cost some seniors

by Jennifer Haberkorn

A Medicare official concedes that seniors may have to dig deeper into their wallets next year thanks to the health care law.

The new analysis finds the health care overhaul will result in increased out-of-pocket costs for seniors on Medicare Advantage plans.

Richard Foster, the actuary for the Centers for Medicare and Medicaid, also tells Senate Republicans that the overhaul will result in “less generous benefit packages” for Medicare Advantage plans next year. Foster is independent from the administration and non-partisan.

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