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- Title
Myth-Busting Medicare Advantage.
- Authors
NOVICK, BRANDON
- Abstract
The majority of Americans eligible for Medicare coverage have chosen to enroll in private Medicare Advantage (MA) plans instead of Traditional Medicare. However, there are several myths about MA that proponents and insurance companies push in their effort to privatize Medicare. Myth #1 is that Medicare Advantage is Medicare, when in reality it is government-subsidized private insurance. Myth #2 is that Medicare Advantage saves money, but taxpayers have actually spent more on financing MA than they would have with Traditional Medicare. Myth #3 is that Medicare Advantage is necessary to save beneficiaries out-of-pocket spending, but many seniors cannot afford supplemental coverage and would save more with Traditional Medicare. Myth #4 is that Medicare Advantage improves health outcomes, but there is not enough evidence to support this claim. Myth #5 is that Medicare Advantage offers benefits that Traditional Medicare cannot match, but the quality of the coverage is often poor and does not provide significant financial help. Myth #6 is that Medicare Advantage is necessary to lower healthcare spending, but the high cost of healthcare in the United States is due to factors like high prices, not excessive usage. Overall, Medicare Advantage is not a cost-effective or beneficial option compared to Traditional Medicare.
- Subjects
MEDICARE Part C; INTERNET content management systems; MEDICARE Part B; HOME care services; MEDICARE Part D; GOVERNMENT insurance; HEALTH insurance exchanges
- Publication
CounterPunch, 2024, p1
- ISSN
1086-2323
- Publication type
Article