Medicare Overpays Insurers Offering Medicare Advantage

[Guy N]

Insurance companies offering Medicare Advantage plans were overpaid as much as 3 billion dollars in 2010. The reason given was that the government's estimate for how sick the Medicare Advantage customers were was way off.

Well ain't that a kick in the teeth? The government pays insurance companies billions more than they should to provide Medicare Advantage on the one hand and on the other hand claims that "Medicare needs fixing". It isn't Medicare that needs fixing, it's the government.

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[mattspits]

Seriously, this is out of control. Instead of making cuts to Medicare, let's try reducing Medicare waste!

 

[Allen H]

matts-
So true. $3 billion is a drop in the bucket compared to the $60-$100 billion that Medicare loses annually in waste and fraud.

 

[mattspits]

matts-
So true. $3 billion is a drop in the bucket compared to the $60-$100 billion that Medicare loses annually in waste and fraud.

Right, I don't remember what article it was that I read on Medicare waste and fraud, but it was truly shocking the billions of dollars that was wasted!

 

[JohnJohnson]

matts-
So true. $3 billion is a drop in the bucket compared to the $60-$100 billion that Medicare loses annually in waste and fraud.

Right, I don't remember what article it was that I read on Medicare waste and fraud, but it was truly shocking the billions of dollars that was wasted!

It's almost unbelievable how much is wasted. Here's a recent article I read about overpayments and waste in regards to healthcare. I'm sure you've all seen this story repeated frequently in recent years! http://www.thefiscaltimes.com/Artic...re-Wastes-Almost-50-Billion-a-Year.aspx#page1