Medicare Advantage plans have proven to cost the government less than traditional Medicare.

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False. Lawmakers thought private insurers could better contain costs. Instead, the plans have cost more. In 2023, Medicare Advantage plans cost the government and taxpayers about 6% — or $27 billion — more than original Medicare.The Medicare Payment Advisory Commission have detailed $83 billion a year in Medicare Advantage overpayments through manipulating diagnosis codes to make patients look sicker.Privatization has increased costs, not reduced them.

Medicare Advantage plans have proven to cost the government less than traditional Medicare.

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