Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Saturday, October 22, 2022

Social Security is Being Looted by Private Insurance

 The New York Times just reported:1

New York Times headline: The cash monster was insatiable: how insurers exploited Medicare for billions. By next year, half of Medicare beneficiaries will have a private Medicare Advantage plan. Most large insurers in the program have been accused in court of fraud.

Private health insurance corporations are reaching into the Medicare trust fund and helping themselves to boatloads of our cash―and trying to bankrupt Medicare in the process!

When seniors retire, they have a choice between traditional Medicare, which guarantees health care, or insurance-run Medicare Advantage plans, which tempt seniors with lowered premiums and dental coverage, then turn around and deny necessary health coverage in pursuit of profit!