Avik Roy tells us:
Under a new provision in ObamaCare, the Centers for Medicare & Medicaid Services — CMS — created a pilot program called the Financial Alignment Initiative to put dual-eligibles under the management of private insurers…
For states to gain CMS’ approval to participate, CMS required that states promise that the private plans they employ cover the full range of traditional Medicare benefits, and that the savings would benefit both Medicaid (which is partially funded by the states) and Medicare. 15 states have already been approved for the program, and 26 more have applied for it.
Lest we forget, Roy reminds us:
During the campaign, President Obama blasted away at Mitt Romney’s proposal for Medicare reform, because, according to Obama, “no American should ever have to spend their golden years at the mercy of insurance companies.”