I don't work on Medicare Advantage plans - but seeing news stories like this makes me think the program is completely dumb from a taxpayer perspective.
Carriers get surprise Medicare raise
Other than the fact that AHIP has good lobbyists - why does Medicare Advantage exist when it costs the government more money? From an efficiency perspective - is there any reason this program should exist?
Carriers get surprise Medicare raise
Quote:
Originally Posted by BenefitsPro (Bloomberg) -- Insurers such as UnitedHealth Group Inc. and Humana Inc. will see their pay for commercial Medicare policies increased 1.25 percent next year, reversing an earlier government proposal that called for a reduction. The announcement compares with a base reduction of 0.9 percent proposed in February. Last year, the government set a payment reduction of 4 percent for 2015 as part of the government’s plan to bring the cost of privately managed Medicare coverage in line with the traditional program for the elderly and disabled. The Obama administration has been pushing to contain costs for Medicare Advantage since the 2010 passage of the Affordable Care Act. At the time, U.S. spending for Advantage beneficiaries was estimated to be as much as 13 percent higher than for people enrolled in traditional Medicare. The government now spends about 2 percent more per person on the private program. |
Other than the fact that AHIP has good lobbyists - why does Medicare Advantage exist when it costs the government more money? From an efficiency perspective - is there any reason this program should exist?
Does Medicare Advantage Provide Any Value?
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