Medicare Advantage is overbilling Medicare by 22%

[Nevilledog]

https://www.morningstar.com/news/marketwatch/2024032679/medicare-advantage-is-overbilling-medicare-by-22

'A difference that translates into a projected $83 billion in 2024,' one report found

If Joe Biden or Donald Trump or anyone else wants to know how to "cut" tens of billions from the Medicare budget without taking a single nickel from seniors, an obscure government body just revealed how.

But nobody seemed to notice.

The body in question is called the Medicare Payment Advisory Commission, or MedPac. It is an independent, authoritative body that advises Congress on Medicare. It was set up by the Balanced Budget Act of 1997, back when people in Washington were actually doing their jobs.

It just published its latest report to Congress, entitled "Medicare Payment Policy." And the key thing everyone needs to read is on page "XXV," which is how they used to say "25" in Rome.

It reads: "We estimate that Medicare spends approximately 22 percent more for MA enrollees than it would spend if those beneficiaries were enrolled in FFS Medicare, a difference that translates into a projected $83 billion in 2024."

*snip*