Public Citizen: Medicare Advantage Denies Needed, Care To Pad Insurer Profits
Targeted News Service
The U.S. Department of Health and Human Services Office of Inspector General released a report Thursday, which found that Medicare Advantage plans deny needed care that should be covered to tens of thousands of people a year.
Eagan Kemp, health care policy advocate for Public Citizen, released the following statement.
"Today's staggering report highlights just how dangerous Medicare Advantage is for seniors when it comes to accessing needed care. Increasing rates of denials of medically necessary care, even when it meets required standards, means that seniors are going without care so that insurance companies can increase their profits.
"Seniors with similar needs would have likely received the care they needed under traditional Medicare. These outrageous findings come on the back of recent GAO reports highlighting that seniors with significant medical needs, including end-of-life care, are regularly being pushed out of Medicare Advantage and into traditional Medicare.
"We cannot continue to allow Medicare Advantage to be a source of profit for greedy companies and a source of suffering for seniors. In the short term, the Biden administration must immediately step up oversight of the companies. In the long run, we must improve traditional Medicare and expand it to everyone in the country. We need Medicare for All."
Ping An Reports YoY Growth of 10.0% in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2022
Woman Enticed Investors With Promises Of ‘Fire-Resistant Homes’
Advisor News
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
- When new investment trends emerge, Gen Z is most likely generation to be first in
- Could ‘plain English’ become an advisor’s secret weapon?
- IRI urges Senate action on 403(b) parity legislation
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News