This sounds nice in theory, but as a matter of policy, it’s wrong. Medicare Advantage has 25 percent of the market in part because, prior to Obamacare, the government paid 14 percent more for a senior in Medicare Advantage than for one in traditional Medicare. (Obamacare significantly trimmed this subsidy.) Medicare Advantage has many qualities, but it has not reduced Medicare spending at all.
Actually, the numbers are wrong.
CMS looks at what Medicare spent THREE YEARS AGO, and divides that figure by the number of beneficiaries in each geographic area.
The Advantage Plan has to “eat” inflation.
Yes, I am IN THE BUSINESS and I am an expert, more so than the author.
Actually, the numbers are wrong.
CMS looks at what Medicare spent THREE YEARS AGO, and divides that figure by the number of beneficiaries in each geographic area.
The Advantage Plan has to “eat” inflation.
Yes, I am IN THE BUSINESS and I am an expert, more so than the author.