Uncovered audits show rampant overpayments in Medicare Advantage
Washington Times, The (DC)
Government payments to Medicare Advantage plans are riddled with overcharges and errors, newly uncovered audits show.
A sampling of billings in 2011-2013 showed $12 million in net overpayments for about 18,000 patients, according to the audits obtained by Kaiser Health News through a lawsuit.
The Centers for Medicare and Medicaid Services had planned to extrapolate those losses to all members of the impacted plans and recover $650 million. But that hasn’t happened yet because the calculations haven’t been finalized, Kaiser Health News (KHN) reported.
Medicare Advantage is an alternative to traditional Medicare that is run by private insurance companies.
Seventy-one of the 90 audits reviewed by KHN showed overpayments and they topped $1,000 per patient on 23 of the audits.
Overpayments are flagged when patient records don’t adequately reflect services the government paid for, or if a patient’s condition doesn’t appear to be as severe as the treatment suggests.
Audit procedures around Medicare Advantage, which is growing in popularity, have been secretive so KHN sued to obtain the results.
“At the end of the day, it’s taxpayer dollars that were spent,” David Lipschutz, a senior policy attorney with the Center for Medicare Advocacy, told the news outlet. “The public deserves more information about that.”
Understanding Social Security Social Security supports rural communities
$400M of taxpayer money in NY COVID aid was stolen. That is just the tip of the iceberg.
Advisor News
- Wellmark still worries over lowered projections of Iowa tax hike
- Could tech be the key to closing the retirement saving gap?
- Different generations are hopeful about their future, despite varied goals
- Geopolitical instability and risk raise fears of Black Swan scenarios
- Structured Note Investors Recover $1.28M FINRA Award Against Fidelity
More Advisor NewsAnnuity News
- How to elevate annuity discussions during tax season
- Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
- An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
- Rethinking whether annuities are too late for older retirees
More Annuity NewsHealth/Employee Benefits News
- Senator Alvord pushes back on constant cost increases of health insurance with full bipartisan support
- Reports Outline End Stage Kidney Disease Study Findings from University of Utah (Medicare Advantage in the US mainland and Puerto Rico): Kidney Diseases and Conditions – End Stage Kidney Disease
- New Findings on Wilson’s Disease from Alexion Summarized (Patient Burden in the Treatment of Wilson Disease in the United States: An Analysis of Real-World Health Insurance Claims Data from the Komodo database): Nutritional and Metabolic Diseases and Conditions – Wilson’s Disease
- Legal Notices
- Higher premiums, Medicare updates: Healthcare changes to expect in 2026
More Health/Employee Benefits NewsLife Insurance News
- Gulf Guaranty Life Insurance Company Trademark Application for “OPTIBEN” Filed: Gulf Guaranty Life Insurance Company
- Marv Feldman, life insurance icon and 2011 JNR Award winner, passes away at 80
- Continental General Partners with Reframe Financial to Bring the Next Evolution of Reframe LifeStage to Market
- ASK THE LAWYER: Your beneficiary designations are probably wrong
- AM Best Affirms Credit Ratings of Cincinnati Financial Corporation and Subsidiaries
More Life Insurance News