Member-only story
And We Thought We Weren’t Valued!
The insurance industry values the old and sick to the tune of billions
It’s not as if I’ve ever felt that my society or culture valued me at any point in my life, but at least I was once part of a demographic that got advertisers’ attention.
Yeah, that’s over.
Or….is it?
I’m soon to turn 65 years of age and the sharks have begun circling. Not a day goes by that I’m not inundated with mail — electronic and paper — shouting the exciting news of my eligibility for this or that Medicare plan.
This is not happening because I’m such a valued member of my community (even though I actually am).
Show of hands. Who’s surprised to learn that the insurance industry — as well as Medicare itself (shame, shame, shame) — has been behind the should-be illegal push to get millions of old people to sign up for the Medicare Advantage plans which aren’t Medicare at all? Moreover, are we at all shocked to learn that most of the large insurers benefitting from this racket are being accused of fraud?
Didn’t think so.
What happens when you or I get accused of Medicare/Medicaid fraud?
Fines of up to $250,000 and the possibility of four years in prison. Wait, let’s…
