Center’s Medicare Advantage Money Grab series wins Meyer Journalism Award
The series, Medicare Advantage Money Grab, documented how Medicare Advantage plans, created more than a decade ago to control health care spending on the elderly, have instead wasted $70 billion dollars through manipulation of a tool called “risk scores” from 2008 through 2013. The formula is supposed to pay health plans more for sicker patients and less for healthy people — but it often pays too much. Medicare Advantage plans now cover nearly 16 million seniors at an estimated cost to taxpayers of more than $150 billion last year.
Related: Why Medicare Advantage costs taxpayers billions more than it should
Related: How risk scores work
Related: How risk scores changed
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Copyright 2014 The Center for Public Integrity. This story was published by The Center for Public Integrity, a nonprofit, nonpartisan investigative news organization in Washington, D.C.
