Emma Curchin is the Domestic Outreach and Research Assistant at the Center for Economic and Policy Research.
The quasi-privatized system called “ Medicare Advantage,” otherwise known as Part C, was created in 2003 as a means of expanding the role of private sector corporations in the publicly-funded Medicare system. Proponents claimed it would lower costs and improve health care for seniors.
$35 billion The amount that MedPAC estimates taxpayers will overpay MA insurers this year through ‘favorable selection,’ the practice of targeting healthy seniors for their plans.$4.2 billion The amount that MA insurers received for questionable home visit health risk assessments in 2023, according to an October 2024 report from the Department of Health and Human Services.
Medicare Privatization Medicare Advantage
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