The Committee for a Responsible Federal Budget estimates that Medicare Advantage will be overpaid by $1.2 trillion by the USG between 2025 and 2034. Medicare Advantage plans are private, for-profit health insurance plans that Washington pays to manage Medicare. They are being aggressively being pushed on senior citizens as an alternative to traditional Medicare. These plans cover more than half of the 68.5 million people currently enrolled in Medicare. Former Cigna executive Wendell Potter describes Medicare Advantage as "one of the biggest scams that we've seen in this country."
United HealthCare Group (UHC) operates Medicare Advantage, a company that has denied covering healthcare costs for its customers. UHC is also being sued by its own shareowners for fraud. The top health insurance regulator in the country, Dr. Mehmet Oz, owns between $280,000 and $600,000 in UnitedHealth Group stocks and between $50,000 and $100,000 in CVS Health, which both provide health insurance plans under Medicare Advantage. Source: Link OneIn 2024 in NYC, a young man allegedly exacted vengeance on the profits-over-people oligarch in charge of UHC. The federal government is treating the alleged public avenger as a dangerous terrorist and seeking to execute Luigi Mangione. Source: Link Two
Globally, Americans spend the most on health care but have the worst health outcomes among high-income countries, dying on average four years earlier than their Western counterparts. The US has the highest rate of preventable and treatable deaths for all ages, as well as excess deaths during the COVID pandemic for people under 75. Per annum, a US citizen spends $9,008.77 on health care and $2,086.50 towards national defense.
Companies like United Health Care (UHC) running scams like Medicare Advantage raise the costs of healthcare while enriching themselves and victimizing poor elderly Americans. Source: www.cnn.com
