Medicare Advantage Plans

Here is an interesting overview from Austin Frakt:

Comments (5)

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  1. Lizzy B. says:

    And this is the part of Medicare that we’re getting rid of under Obamacare?? What happens to all of the seniors who were depending on Medicare Advantage?

  2. John Polgar says:

    Yeah, but then we’d have to cut out all those insurance companies and other third parties who depend on guaranteed prices and captive markets to pay their country club bills. And Republicans are supposed to be the ones who don’t care about people. Go figure.

  3. Devon Herrick says:

    I’m a fan of competitive bidding. Whenever this has been proposed, the vendors who rely on fixed-payments (i.e. durable medical equipment) all scream bloody murder.

  4. Ken says:

    Interesting review of the literature.

  5. JayB says:

    “In 2006, the value to beneficiaries of each taxpayer dollar spent on additional benefits above those provided in 2003 was about 14 cents (Pizer, Frakt, Feldman 2009b).”

    The 14 cent figure isn’t derived from the market value of the services obtained per each dollar of spending, but rather of the consumer surplus (theoretically) derived from the spending on medical goods and services.

    If there was ever a claim crying out for empirical verification – this is it. I would be quite surprised if seniors would be willing to forego access to the goods and services obtained by each dollar of spending in exchange for $0.14 in cash (or anything remotely close to that), but it would certainly be interesting to test out this figure in practice.

    Anyone know if anything like that has ever been done and reported in the literature?