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March 01, 2007 at 12:22 PM
Medicare Advantage managed care plans and private fee-for-service plans may appear to cost more than traditional Medicare plans, but that’s because they provide much better value for the beneficiaries.
Officials at America’s Health Insurance Plans, Washington, are making that argument in response to arguments by the Medicare Payment Advisory Commission that Congress should consider trimming Medicare’s skyrocketing costs by cutting back on the Medicare Advantage program and boosting the traditional, government-run Medicare fee-for-service program.
About 8 million of the United States’ 38 million Medicare beneficiaries now have Medicare Advantage coverage, up 60% from the total in 2003.
