Anything short of banning Medicare Advantage plans is inadequate.
If Medicare Advantage is permitted to exist, the degree of regulation necessary to prevent wholesale theft from the taxpayers and harm to the beneficiaries will make East Germany look like an Ayn Rand dreamworld.
From what I can tell, a Medicare Advantage plan can be good if you’re on a budget AND are in good health. It’s that second condition that upsets the apple cart.
A senior can be in good health one day, and be in dire straits the next. That’s when a Medicare Advantage plan will show its fangs.
Many seniors are simply not aware of all this. And that’s because most Advantage plans are quite good at hiding the small print.
Buyer beware.