In 2006, the fed. govt. spent $59 billion on Medic

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Medicare Advantage: Increased Spending Relative to Medicare Fee-for-Service May Not Always Reduce Beneficiary Out-of-Pocket Costs

In 2006, the fed. govt. spent $59 billion on Medic

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By James C. Cosgrove (au)
Year: 2008
Pages: 50
Binding Paperback

Product Code: 1437901557

Description

In 2006, the fed. govt. spent $59 billion on Medicare Advantage (MA) plans, an alternative to the original Medicare fee-for-service (FFS) program. Although health plans were originally envisioned as a source of Medicare savings, such plans have generally increased program spending. Payments to MA plans have been estimated to be 12% greater than what Medicare would have spent in 2006 had MA beneficiaries been enrolled in Medicare FFS. This report examines for 2007: (1) MA plan’s projected rebate allocations; (2) additional benefits MA plans commonly covered & their costs; (3) MA plans’ projected cost sharing; & (4) MA plans’ allocation of projected revenues and expenses. Tables and graphs.

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