I try to be an FYI blog when I can…..
First let me say that I am not some old fart trying to sell you the idea that you cannot exist without spending more money to supplement your Medicare.
We see ad after ad these days telling us old farts just how much better life would be it we buying additional insurance policies.
What is ‘Medicare Advantage’?
Medicare Advantage, also known as Medicare Part C, makes it possible for people with Medicare Part A (hospital insurance) and Part B (medical insurance) to receive their Medicare benefits in an alternative way. Medicare Advantage plans are offered by private insurance companies contracted with Medicare and provide at least the same level of coverage that Medicare Part A and Part B provide.
Personally I think it is all marketing which means I think it is a scam…..and an end run to try and privatize Medicare totally….
Medicare Advantage is a massive, trillion-dollar rip-off, of the federal government and of taxpayers, and of many of the people buying the so-called Advantage plans.
It’s also one of the most effective ways that insurance companies could try to kill Medicare For All, since about a third of all people who think they’re on Medicare are actually on these privatized plans instead.
Nearly from its beginning, Medicare has allowed private companies to offer plans that essentially compete with it, but they were an obscure corner of the market and didn’t really take off until the Bush administration and Republicans in Congress rolled out the Medicare Modernization Act of 2003. This was the GOP’s (and a few corporatist Democrats’) big chance to finally privatize Medicare, albeit one bite at a time.
If you are retired and considering a Medicare Advantage policy please read this article and do some deep research before giving your cash away.
Please do not be taken in by promises of spending less….there is always hidden caveats….do the hard research before giving your hard fought retirement away.
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