The Medicare Advantage rip-off

Consumers get 14 cents’ worth of benefit for every dollar in public spending on the program.

Kevin Drum explains it all for you. For every dollar spent on Medicare Advantage (an insurance-company add-on to Medicare for which the program pays a premium over regular Medicare rates) consumers get a whopping 14 cents’ worth of benefit.  This program must die.

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact: Markarkleiman-at-gmail.com

One thought on “The Medicare Advantage rip-off”

  1. My mom would hate (as in "pry it from her cold, dead fingers" level of emotion) to give up her Medicare Advantage — among numerous differences, the regular Medicare had her looking at what family history suggests would be 30 years of retirement without one single basic physical exam; Advantage pays for them at regular intervals. This causes a certain amount of emotional dissonance, as she is revolted by what her insurer, United HealthCare, is doing in every single aspect of its interaction with the world *except* the service it gives her.

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