Quote:
Originally Posted by elle123
Medicare Advantage is privatized Medicare. Instead of traditional Medicare, where the federal government directly covers seniors’ health care, Medicare Advantage has the government give taxpayer funds to health insurance companies to manage people’s coverage. Each company gets a flat fee per enrollee — with higher payments for sicker enrollees — and the company profits by keeping the difference between the taxpayer funds they receive and what they spend on patient care.
The interests of insurance companies to maximize profits supersedes their focus on actually ensuring seniors and people with disabilities get health care
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Please explain insurance companies goal to maximize profit vs Medicare desire to minimize payout. My advantage experience is insurance companies are promoting active preemptive health care programs - not getting sick is the best way for the insurance company to maximize profits. FYI Advantage plans by law must provide the basics Medicare covers (without supplemental plans). Another FYI 53% of seniors have chosen advantage plans over standard Medicare.