counter customizable free hit
GAO Report on Medicare Advantage Waste is released







New: Complete resources for America's here      Affordable, quality walkers, wheelchairs, canes improve Elderly mobility, here
America's Seniors General Store--selection, value on thousands of here     Seniors' Health, Personal Care--Order quality, affordable items from the privacy of your here   Vitamins, nutrients can protect health and boost Successful here      Diet, quality foods add to longevity, successful from here


Advantage Disenrollment
Block Grants Opposed
CMS Cuts Fox Insurance
CMS Reforms Urged
Congressional Action Urged
Complex Plans Confuse Seniors
Costly Patients Targeted
Court Hears CA Case
Cuts Impact Access
Dementa Medicare Costs
Doctors on Demand Approved
Doughnut Hole Impact
Drug Savings Urged
Elderly Drug Spending
Elderly Risk Instutionalizaation
Family Physician Crisis
FAQ: Medigap Pollicies
Gym Benefits
Home Care Acces at Risk
Homecare Threatened
In-Home Care
Increased Antibotic Use
Lowest-Cost Part D Plans
Medicaid Hospital Admissions
Medicare Advantage Waste
Medicare,  At-Home Concept
Medicare Cost Driver
Medicare Education Initiative
Medicare Mess
Medicare Need To Know
Medicare Report Flawed
Medicare Savings Program
Medicare Tool Kit
No Rise in 2012 D Premiums
Observation Stays
Part D Mixed Reviews
Part D Premium Increase
Physician Pay Cuts
Preventive Services Covered
Reform, Medicare & Seniors
Review Advantage Plans
Simple Test Savings
SNF Payments Crisis
Spending Affects Outcomes
Stroke Meds Unaffordable
Use Wellness Visits
10 K Boomers A Day
2011 Open Enrollment Tips








AddThis Feed Button   Now, keep up to date with daily feeds of newly posted stories about America's on the box to the left

GAO Report on Medicare Advantage Waste is released


A Government Accountability Office (GAO) report released Wednesday by House Ways and Means Health Subcommittee Chairman Pete Stark (D-CA) found that the private insurance companies administering these plans have spent less than projected on beneficiaries, while raking in an extra $1.4 billion on top of their $35 billion in profits. 

The GAO examined plans representing 78% of MA enrollees, and found the programs only spent 85.7% of their total revenue on medical expenses in 2005, significantly below their projection of 90.2%. 

“Private plans in Medicare spend even less on medical care than they report - to the tune of over a billion dollars in one year alone,” said Stark. 

 “These funds go directly into the pockets of big insurance companies, not toward medical care for beneficiaries.” 

Added Ruben Burks, Secretary Treasurer of the Alliance, “This report provides hard evidence of what we have said all along – these plans cost more to deliver less than traditional Medicare.” 





















Aging News
Seniors Commentary
California Report
HealthCare Policy
Hispanic Seniors
Prescription Drug News
Resources, Links
Rural Seniors
Resources, links to seniors agencies, groups
Safety & Security
Seniors' Entertainment
Seniors' Finances
Seniors Relationships
Social Security News
The Virtual Family
Travel News
Veterans Tribute
Privacy Statement
Join Our Mailing List
Rx for American Health
2014 Election Guide



Contact Us

Copyright (c) 1999-2015 TodaysSeniorsNetwork


 code v 6.1 --></td>