Jake Johnson is a senior editor and staff writer for Common Dreams.
A new academic analysis published Monday in JAMA Internal Medicine details the enormous sums that privatized Medicare Advantage plans have cost U.S. taxpayers in recent years and calls for the abolition of the program, which has been massively profitable for the insurance giants that dominate it.
Stephanie Woolhandler and David Himmelstein—co-founders of Physicians for a National Health Program —argue based on their examination of Medicare Advantage's decadeslong history that 'the time has come to declare MA a failed experiment and abolish it.' 'Medicare Advantage plans have, in effect, stolen hundreds of billions from taxpayers,' says David Himmelstein, a lecturer at Harvard Medical School and a research associate at the consumer advocacy group Public Citizen.
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