Friday, February 19, 2010

Medicare Advantage Premiums Rise Dramatically

Elderly and disabled Americans who choose Medicare Advantage Programs will be transferring 14% more of their wealth to private insurance companies in the form of premiums.

"Medicare Advantage plans continue to be paid about 13 percent more than original Medicare," said Medicare spokesman Peter Ashkenaz. "The plans need to explain why these increases are necessary."

Or not.

It's good to be an insurance executive.

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