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Private insurers' Medicare Advantage plans cost Medicare an extra $34.1 billion in 2012
Date:5/10/2013

andler said: "It's clear that having Medicare Advantage programs compete with Medicare doesn't save us money. In fact the opposite is the case. The private plans only add waste, and the aggregate waste is staggering enough to be a significant drag on the economy.

"It's time we look to proven, cost-effective ways of providing high-quality care to Medicare's beneficiaries and to the entire population," Woolhandler said. "That means taking a fresh look at the single-payer model of reform."


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Contact: Mark Almberg
mark@pnhp.org
312-782-6006
Physicians for a National Health Program
Source:Eurekalert

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