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AARP, the advocacy organization is welcoming the for-profit takeover of its members’ national health insurance program — because it earns hundreds of millions as part of the deal.
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Municipal retirees and supporters rallied against the switch to privatized for-profit Medicare Advantage health insurance. UFT President Michael Mulgrew continues to advocate amending NYC’s Administrative Code, allowing the switch to happen.
"The move to privatize Medicare," said one expert, has "been very profitable, in part because insurers are good at making their patients seem sicker."
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Medicare Advantage was supposed to be a money-saver. It’s now become a costly, unaccountable cash cow for private insurance companies that is swallowing traditional Medicare.
There is “little evidence” that higher payments to Medicare Advantage are justified because their enrollees are sicker than the average senior.
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The simple solution to the Medicare Advantage problem is to kill off the program. It was just a Trojan horse to privatize Medicare, and its presence will make Medicare for All even harder to implement.
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