Medicare Advantage is a program that gives private insurance corporations the ability to serve people who choose that plan―but in the 25 years that it has existed, it’s clear that Medicare Advantage has many of the same problems as the rest of private insurance: Opaque bureaucracy and extraordinary fees.

Now, the Centers for Medicare and Medicaid Services (CMS) have announced that they plan to increase premiums for Medicare Advantage plans by 7.8% in 2023! This is in spite of the fact that Medicare Advantage plans spend $1,680 less per enrollee than traditional Medicare on medical services and are paid 4% more. This is a classic case of greedy corporations stealing from taxpayers and people with Medicare.

Fortunately, we have a chance to make our voices heard about this rate increase. CMS is holding an official comment period, ending tomorrow. Social Security Works is collecting comments, and we’ll submit them before the deadline.

Sign on to Social Security Works’s official comment: Don’t sell out Medicare to corporate greed! Reduce Medicare Advantage rates to the same as traditional Medicare and recoup all overpayments!

Here’s the truth: The government has overpaid Medicare Advantage plans over the past decade, and it's projected to overpay an additional $600 billion between now and 2030.[1] They should be paying us back, not the other way around.

The government recoups overpayments to individuals who can’t fight back, but when greedy corporations take our money, should the government just shrug? We say NO!

Add your name to our official comment and keep greedy corporations from ripping off Medicare!