Weekly Health News28 Oct Three Nov Way Of Life
If the federal government hoped Medicare Advantage plans would reduce the costs of care, that has not been the result. Medicare pays the plans 6 p.c more than it might spend if plan enrollees were lined under common, fee-for-service Medicare, the MedPAC report found. Medicare payments to the plans will complete $27 billion extra in 2023 than if patients have been enrolled in traditional Medicare, the report projected. Some 31 million Americans have Medicare Advantage plans, private-sector options to Medicare introduced in 2003 by Congress to encourage greater effectivity in health care.