Advantages sound good, but expect the opposite
By Jack E. Lohman
Thanks to a little gift from your favorite congressman, there’s confusion over Medicare and Medicare Advantage. Not happy with the simplicity of plain-old-vanilla Medicare (and the fact that insurance companies were left out of the financial loop), Congress came up with the bright idea of introducing “competition” into the public system.
They allowed private insurers the opportunity to provide health care services to Medicare patients.
For some patients the plans work OK. But unfortunately for the taxpayers, Advantage is 12.5 percent costlier than what straight Medicare pays, so the myth that the private sector is cheaper than the public has been terribly shattered.
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This article first published in the Wisconsin State Journal