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Showing Original Post only (View all)The Medicare Advantage ripoff every American should know about [View all]
President George W. Bush and Republicans (and a handful of on-the-take Democrats) in Congress created the Medicare Advantage scam in 2003 as a way of routing hundreds of billions of taxpayer dollars into the pockets of for-profit insurance companies.
Those companies, and their executives, then recycle some of that profit back into politicians pockets via the Citizens United legalized bribery loophole created by five corrupt Republicans on the Supreme Court.
Just the overcharges happening right now in that scam are costing Americans over $140 billion a year: more than the entire budget for the Medicare Part B or Part D programs. These ripoffs that our federal government seems to have no interest in stopping are draining the Medicare trust fund while ensnaring gullible seniors in private insurance programs where theyre often denied life-saving care.
Real Medicare pays bills when theyre presented. Medicare Advantage insurance companies, on the other hand, get a fixed dollar amount every year for each of the people enrolled in their programs, regardless of how much they spent on each customer.As a result, Medicare Advantage programs make the greatest profits for their CEOs and shareholders when they actively refuse to pay for care, something that happens frequently. Its a safe bet that nearly 100 percent of the people who sign up for Advantage programs dont know this and dont have any idea how badly screwed they could be if they get seriously ill.
[link:https://www.rawstory.com/medicare-advantage-2665824037/|
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The Medicare Advantage ripoff every American should know about [View all]
justaprogressive
Oct 2023
OP
I told all of you last month that Medicare Advantage plans will eventually deny care
Stargazer99
Oct 2023
#3
I'd say, do yourself a favor and *don't* attend a dog-and-pony show at a local restaurant.
Mister Ed
Oct 2023
#74
Thanks, that's excellent information. Do you know who gets the commission if...
Mister Ed
Oct 2023
#113
The insurance company saves money if you don't use an agent/broker/sales rep
dalton99a
Oct 2023
#115
Yep. And those insurance companies bombard us with ads to herd people into plans without good info
Attilatheblond
Oct 2023
#48
As of 2023, the majority of Medicare beneficiaries are in Medicare Advantage Plans. Most are there
Silent Type
Oct 2023
#17
Traditional Medicare is administered by insurance companies since inception. That's a fact.
Silent Type
Oct 2023
#33
Back office-- everything including coverage, claims, credentialing of doctors, notifications, etc.
Silent Type
Oct 2023
#50
Contracting for certain services is a different animal entirely compared to Advantage funding.
paleotn
Oct 2023
#60
I think they point of the OP was to bash Medicare Advantage and those that choose it. That's usually
Silent Type
Oct 2023
#65
Yet, it is chosen by 51% of beneficiaries. Good to know we are smarter than all those stupid people.
Silent Type
Oct 2023
#52
I don't see anyone attacking those who chose Advantage. Just the private entities running them.
paleotn
Oct 2023
#29
What a minute. Weren't these private entities supposed to profit from efficiency alone?
paleotn
Oct 2023
#23
+1. MA companies are very aggressive in their campaigns to lure and entrap retirees
dalton99a
Oct 2023
#75
My husband doesn't have part B taken out of his SS because he uses the VA for physicians visits.
1WorldHope
Oct 2023
#88
Other people are getting it, that's why they choose MA. If majority of beneficiaries choose it ,
Silent Type
Oct 2023
#81
Not to patient/beneficiary. You've heard DUers right here with heart surgery,
Silent Type
Oct 2023
#109
Wish the MA is bad, bad, bad crowd would get on CMS to investigate and fine
Silent Type
Oct 2023
#112
The big ones seldom leave. And even if they do, you can enroll in traditional
Silent Type
Oct 2023
#99