Taking "Advantage" of the Medicare name by insurance companies started in 1997 when the Balanced Budget Act created Medicare+Choice (Part C). It's been a downhill slide for patients ever since as non-profit insurers decided to go for profits and have consolidated into humongous companies with increasing clout. MA plans are morphing into killers as corporations have become laser focused on profits and all the new ways they can think of to squeeze more from people who are being ruined financially. But they're just going by the SCOTUS rulings that put profits for shareholders ahead of community and employees. (MoveToAmend.org) The solution is what many other countries have already done for decades, implemented some form of #MedicareForAll #M4A #HR3421/#S1655. https://lnkd.in/gUC8f5mZ
RIP OFF: Big health insurers overcharge taxpayers a whopping $140 billion dollars *a year* to administer Medicare Advantage plans (more than the U.S. has spent on defense aid to Ukraine since 2022 and ~3x what the U.S. spent on foster care in 2023.) Here’s the thing: Whether you’re in a Medicare Advantage plan or not; whether you're Medicare age or not; your tax dollars are still going into the coffers of big health insurers like Humana, UnitedHealth and Aetna. As we celebrate Medicare’s 59th birthday on July 30th, it’s important to remember that Medicare Advantage is neither Medicare nor an advantage. It is a scam promoted by big health insurers hiding behind the name of a trusted program… Medicare! Read more at HEALTH CARE un-covered: https://lnkd.in/eHSHg4cy