Medicare Advantage plans took millions from the US government and aren’t required to pay it back: report
Story by Meaghan Ellis • Yesterday 4:00 PM
A new report is shedding light on the tactics used by Medicare Advantage plans to overcharge the U.S. government for senior-citizen memberships. But despite receiving multi-millions in overage charges, these entities are still holding on to the funds, according to The Chicago Sun-Times.
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“Medicare Advantage plans for seniors have dodged a major financial hit as federal officials decided to give them a reprieve on returning hundreds of millions of dollars or more in government overpayments — some dating back a decade or more,” the report reads.