Medicare Advantage, big windfall for CEO's, ripoff for taxpayers.

[alfredo]

Only 14 cents of each dollar goes into care for recipients, the rest goes in to profits and overhead.


http://theincidentaleconomist.com/medicare-advantage-cuts-once-more-with-feeling/

o higher MA payments produce little value to beneficiaries, as Obama claims, or are the benefits they fund important to maintain, as Republicans would have us believe? The balance of the evidence is on Obama’s side. In fact, it is a landslide: for each dollar spent, 14% of the value reaches beneficiaries and 86% of it goes elsewhere (profit or cost). Cuts to MA should be a no brainer.


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This is good ammo against those who say Obama is cutting Medicare.