Advantage: Private insurers

Created
Thu, 02/02/2023 - 02:30
Updated
Thu, 02/02/2023 - 02:30
Make it stop! Even readers not “of a certain age” have seen the inescapable Medicare Advantage ads on TV promising seniors more health care for less. Why, they’ll even add money to your Social Security check every single month! It sounds too good to be true. You know why. Consumer complaints about the ads have doubled in just the last year, reports Forbes. A Senate committee found “evidence that beneficiaries are being inundated with aggressive marketing tactics as well as false and misleading information.” Congressman Mark Pocan, Democrat of Wisconsin and former co-chair of the congressional progressive caucus (CPC), has seen enough. He may be in the House minority, but he’s playing “the long game.” On Wednesday, he will reintroduce the Save Medicare Act aimed at reinforcing traditional Medicare. It may go nowhere this session, but he’s building support for when Democrats regain a House majority (The Guardian): The bill targets Medicare Advantage plans, which Pocan and his allies say the plans have turned into a cash grab for insurance companies. The program, in which healthcare coverage options from private insurance companies serve as an alternative to traditional Medicare, was initially designed as a cost-cutting measure to encourage insurance companies to provide seniors with healthcare coverage at a competitive price. Nearly half of Medicare-eligible Americans are now enrolled in a Medicare Advantage plan. But multiple lawsuits have documented how private insurance companies seek to overdiagnose Medicare Advantage enrollees to receive more money from the federal government, according to a recent New York Times analysis.…