cost containment

Report: Public Health Insurance Plan Reduces Costs and Improves Quality

By Alex Lawson
February 3, 2009
February 2, 2009

Health-care expert Frank Clemente joins Health Care for America Now director Richard Kirsch and Institute for America’s Future co-director Roger Hickey on a conference call with reporters Feb. 5 to release a new report showing that a public insurance option as proposed by President Barack Obama is critical to the success of health care reforms soon to be considered by the Congress.

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A Public Health Insurance Plan: Reducing Costs and Improving Quality

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Medicare Advantage Organizations: Actual Expenses and Profits Compared to Projections for 2006

Insurers pocket an extra $1.33 billion in profits previously projected to go to health benefits

By James C. Cosgrove
United States Government Accountability Office
December 11th, 2008
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House Ways and Means Health Subcommittee Chairman Pete Stark (D-CA) today released a report by the Government Accountability Office (GAO) showing that private Medicare Advantage (MA) plans spent less on health care services than they projected in 2006. As a result, private plans pocketed an extra $1.33 billion in profits – 65 percent more than estimated in their 2006 bids. This is the second year in a row that MA organization profits exceeded their own projections. A June GAO report showed that in 2005, MA plans earned an extra $1.14 billion in profit. more »

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