Reports raise $2 billion worth of questions about Medicare health insurance
Providing medical coverage to millions of senior and disabled Americans, Medicare health insurance represents a significant market for many health insurance companies. While original Medicare is provided directly by the federal government, Medicare Advantage and Prescription Drug Plans offer private companies an opportunity to share a piece of the Medicare pie. However, a pair of reports from the U.S. Department of Health & Human Services’ (HHS) Office of Inspector General indicates the program still has plenty of room for improvement.
$2 billion in Medicare premium overpayments
Titled “Concerns with Rebates in the Medicare Part D Program,” one report indicates the government and Medicare beneficiaries may be overpaying an eye-popping $2 billion a year in Part D premium payments. Part