Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Editorials & Other Articles
In reply to the discussion: The Medicare Advantage ripoff every American should know about [View all]Progressive dog
(6,922 posts)97. The 140 billion dollar figure is way high.
According to the CBO, the difference between cost advantage plans and original medicare is 4%. That calculates that the government must be spending 25 x $140 billion or $3.5 trillion dollars just on the 42 percent of medicare recipients choosing advantage plans.
The Medicare Payment Advisory Commission estimates that the federal government pays Medicare Advantage plans an average of 4 percent more than it would cost the Medicare FFS program to cover a similar beneficiary (Medicare Payment Advisory Commission, 2022). Three main factors account for the fact that payments to Medicare Advantage plans exceed FFS costs.
Medicare advantage plans allow seniors to receive more coverage and put a yearly cap on part a and b costs. My advantage plan also provides dental, vision, $103 per quarter for OTC, and drug coverage.This costs me nothing beyond the part B medicare fee. I checked the medicare supplement plans and the cost is much higher.
Edit history
Please sign in to view edit histories.
119 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
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