Health policy experts say Medicare is more efficient than Medicare Advantage
Although the Medicare Advantage program is widely popular among both insurers and consumers, several healthcare experts don't think Medicare officials should privatize the public insurance program any further. One reason is because they say Medicare is actually more efficient than Medicare Advantage, which costs enrollees 13 percent more, Robert I. Field, professor of law and health management and policy at Drexel University, told Philly.com. When it comes to providing health insurance, the federal government spends about 2 percent on administrative overhead, and is therefore more efficient than the private sector, for which the rate is about 17 percent. Yet while additional privatization could be beneficial, experts argue that the focus should be on patient-centered care, monitoring quality and outcomes and strengthening doctor-patient relationships. Article
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