Medical Economics October 10, 2023
Report: ‘Endless greed’ costs nation billions of dollars and health of patients.
Medicare Advantage has become a health care “cash cow” for insurance companies even as patient care suffers across the country, according to a new report.
Taxpayers are overpaying by at least $88 billion a year for Medicare Advantage (MA), also known as Medicare Part C, the privately administered health insurance program. Depending on the calculations, that overpayment may be as much $140 billion a year, according to “Our Payments Their Profits: Quantifying Overpayments in the Medicare Advantage Program,” published this month by Physicians for a National Health Program.
“Various elements of MA, either by design or by consequence, result in a much higher level of government spending than...
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