The Public Cost of Privatized Medicare: How Medicare Advantage is hurting Medicare beneficiaries and other New York taxpayers

July 6, 2007. New York’s Child Health Plus expansion is being jeopardized by Medicare Advantage overpayments. How? A report from FPI and Citizen Action New York finds that a privatized Medicare plan is costing taxpayers $709 million in overpayments for New York alone – and NY beneficiaries paid $35 million in extra premiums. FPI and CANY point out that these funds would be better used to finance Governor Spitzer’s plan to cover all uninsured children. Press release, full report.