Why Medicare Advantage Costs Taxpayers Billions More Than It Should

In this interesting Center for Public Integrity article by Fred Schulte, David Donald, and Erin Durkin it mentions that Medicare Advantage plans on average received about $9,900 per person in 2011. If you divide that out it comes to about $825/month per person! (Payments are based on a risk score that is supposed access the overall health of each patient. That amount listed above is an average since Medicare pays higher rates for sicker patients that are likely to require more costly medical services and less for healthy people.)

Medicare Advantage, a program that was created by Congress in 2003, was originally designed to help stabilize health care spending on the elderly. However the plans have sharply driven up costs in many parts of the United States due to overcharges, suspect billings, and billing errors, etc.

To read the full article click on the link below.


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