Taxpayers Shell Out 22% More Per Patient for Medicare Advantage – The Private Alternative to Medicare That Was Meant to Be More Affordable

Medicare Advantage, an alternative to traditional Medicare, was initially designed to lower costs for the federal government by introducing competition among private insurers aiming to manage patient care more efficiently. Yet a recent analysis reveals a stark reality: Medicare Advantage plans cost taxpayers an extra 22% per beneficiary, translating to about $83 billion annually. This...