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Kiplinger
Kiplinger
Business
Elaine Silvestrini

EXPLAINED: How medicare advantage costs taxpayers and retirees | Vintage Vibes

(Image credit: Getty Images)

Medicare Advantage, the private insurance system that supplants traditional Medicare, continues to set off alarms for triggering massive overpayments costing taxpayers billions.

The latest comes from the nonpartisan Committee for a Responsible Federal Budget, which projects $1.2 trillion in overpayments over the next decade, based on an estimate from the Medicare Payment Advisory Commission (MedPAC), an independent agency that provides Congress with analysis and policy advice on the Medicare program.

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