Katie Porter leads letter urging Biden not to dump more money into Medicare Advantage

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    • #483872
      eridani
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      • Total Posts: 11,935

      https://www.rawstory.com/2657202206/

      Democratic Rep. Katie Porter led a group of lawmakers this week in urging the Biden administration not to increase taxpayer funding for Medicare Advantage plans after a government report showed that the privately run program received $12 billion in overpayments in 2020—a problem driven by insurers exaggerating how sick their enrollees are.

      “The record profit margins of health insurers participating in the Medicare Advantage program in 2021 indicate that insurance companies are generating significant revenue from excess Medicare Advantage payments. In 2021, Anthem reported profits of $6.1 billion—more than double its profits from a decade ago,” the lawmakers wrote. “Anthem’s explosive profit growth was driven by taxpayer dollars, which accounted for 61% of Anthem’s $137 billion in revenues.”

      “Instead of failing to curb overpayments to Medicare Advantage plans for 2023,” they continued, “we encourage CMS to recoup these overpayments and reduce them over time to extend the life of the HI Trust Fund, ensure parity in payment between Medicare Advantage and fee-for-service Medicare, and improve and equalize benefits for all Medicare beneficiaries.”

      The members of Congress argued that while Medicare Advantage plans are marketed as a way to provide “full Medicare benefits for less money than what it costs the government to provide those benefits through traditional Medicare, traditional Medicare remains more cost-effective.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #483902
      Ohio Barbarian
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      And that’s what this is: Hollow. A meaningless objection from a fraud who won’t ever actually DO anything to oppose Joe Biden. But I’m supposed to send money to people like that because they say Nice Things. Ain’t happenin’.

      Never let your morals stop you from doing the right thing.--Isaac Asimov

      The United States is also a one-party state but, with typical American extravagance, they have two of them.--Julius Nyerere

      • #484902
        eridani
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        The largest single minority, to be sure, but they can’t pass legislation all by themselves.  so they should just shut up and never talk about their goals?

        Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

        • #484933
          djean111
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          • Total Posts: 8,713

          in the party down to a number that encourages false hope and brings in money, but has no chance of actually doing anything progressive.  And if Bernie runs again as a Democrat, I would bet the bank on his campaign being lucratively and popularly successful – right up until the DNC replaces him with a pre-selected Wall Street-approved neoliberal neocon austerity-loving warmonger.  And tells us to VFTBNMW because Trump! Russia!  Putin!!  The “voter outreach” is totally in support of that scenario.  Which is why I ignore the voter outreach.

          America is not a country, it's just a business. (Brad Pitt, Killing Them Softly)

          "Sometimes when I try to understand a person's motives, I play a little game. I assume the worst. What's the worst reason they could possibly have for saying what they say and doing what they do? Then I ask myself, 'How well does that reason explain what they say and what they do?'" GRRM

          A YouTube comment – we need new conspiracy theories – the old ones have all come true.

        • #484942
          Ohio Barbarian
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          • Total Posts: 24,981

          Note the past tense. They had one shot at doing this, and did nothing. They will never do anything like that. And come January the Republicans will be in control of the House again so they won’t have to do anything.

          Never let your morals stop you from doing the right thing.--Isaac Asimov

          The United States is also a one-party state but, with typical American extravagance, they have two of them.--Julius Nyerere

          • #485102
            eridani
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            • Total Posts: 11,935

            How does even a large chunk of the Dem party accomplish that?

            Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

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