Medicare Advantage Plans Might Be Losing $600 Billion Due to Overpaid Claims
Medicare Advantage Plans are popular health insurance choices for many Americans. These plans offer more benefits than Original Medicare, attracting millions of enrollees. However, recent reports suggest that Medicare Advantage might be costing the government much more than expected due to something called “upcoding.” Upcoding happens when insurance companies make patients appear sicker than they really are. This practice leads to higher payments from Medicare. Experts warn that this could result in overpayments of up to $600 billion, raising big concerns about the future of the program. Understanding this issue is important, especially for young adults who will rely on…
