10 Dec 2024 1:28 pm
Buffalo » 10 Dec 2024, 2:07 pm » wrote: ↑ If you have a medical emergency in the US you cannot be denied care at a hospital ER due to EMTALA.
Health Insurance corporations are ripping the taxpayers off!!!
"Switching seniors to Medicare Advantage plans has cost taxpayers tens of billions of dollars more than keeping them in original Medicare, a cost that has exploded since 2018 and is likely to rise even higher, new research has found.Richard Kronick, a former federal health policy researcher and a professor at the University of California-San Diego, says his analysis of newly released Medicare Advantage billing data estimates that Medicare overpaid the private health plans by more than $106 billion from 2010 through 2019 because of the way the private plans charge for sicker patients.Nearly $34 billion of that new spending came during 2018 and 2019, the latest payment period available, according to Kronick. The Centers for Medicare & Medicaid Services made the 2019 billing data public for the first time in late September."They are paying [Medicare Advantage plans] way more than they should," says Kronick, who served as deputy assistant secretary for health policy in the Department of Health and Human Services during the Obama administration.
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Yet critics have argued for years that Medicare Advantage costs taxpayers too much. The industry also has been the target of multiple government investigations and Department of Justice lawsuits that allege widespread billing abuse by some plans.
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they are providing MORE benefits than Original Medicare.....one would think it would cost more. Why doesn't Original Medicare have a cap on a patients medical bills, but they require Medicare Advantage plans to have one?