Medicare Advantage is not efficient, but here’s how it can be
The New York Times - 07/21/2014
Medicare Advantage plans — private plans that serve as alternatives to the traditional, public program — have been growing in popularity. One reason is that they offer additional benefits beyond those available in the traditional program but often at no additional cost to beneficiaries.
This is a great deal for beneficiaries, but a bad one for taxpayers, who have to cover the extra cost. If the program were reorganized to more closely resemble the Affordable Care Act’s exchanges, it could still provide good value to consumers at a lower cost to taxpayers.