MEDICARE: Careless spending needs explanation
At the time when Congress launched the Medicare Advantage program concept several decades ago, the theory in place was insurers would make Medicare more efficient, have an incentive to keep patients healthier and probably save money for the government in the process. Those at the forefront of promoting the concept at that time probably never in their wildest dreams anticipated that one day a major, well-respected national newspaper would have on its front page the headline “Medicare paid $50 billion to insurers for untreated ills.” Yet that was the headline in the July 9 edition ...