Medicare “Advantage” - well, it isn't
Blog for Iowa
Medicare Advantage overbills by $140 BILLION a year!That is enough to end Medicare premiums and add services.
Physicians For a National Health Policy (PNHP) released a scathing report on the HUGE amount of money that so-called “Medicare Advantage” is over billing. It’s important to know that Medicare Advantage is NOT a Medicare plan and it is NOT any sort of advantage. It is private insurance paid for by the government.
The report published Wednesday estimates that privately run, government-funded Medicare Advantage plans are overcharging U.S. taxpayers by up to $140 billion per year, a sum that could be used to completely eliminate Medicare Part B premiums or fully fund Medicare’s prescription drug program.
PNHP has been working on reforming America’s health care for decades. As I often say, America pays twice as much for half the care that all other industrialized countries get. This video is three members of congress pointing out that “Medicare Advantage” is simply a corporate ripoff.
Watch a great (short) video and read the entire article at Blog for Iowa.