WASHINGTON, D.C. — In light of news that the Biden Administration will phase in its proposed reforms to the Medicare Advantage program over a three-year period, Mark E. Miller, executive vice president of health care for Arnold Ventures, issued the following statement:
“We are disappointed to hear that reasonable changes targeting abuse and waste in Medicare Advantage will be phased in over three years rather than fully implemented immediately. The coding abuses by insurers in Medicare Advantage have led the independent Medicare commission (MedPAC), which was created to advise Congress, to call for a ‘major overhaul’ of Medicare Advantage policies. While the finalized changes are an improvement, the phased-in approach will continue to reward those insurers with the most abusive practices over the next two years.
The Congress and the Administration need to demonstrate that they can stand up to special interests and take real steps to eliminate fraud and abuse from Medicare and to put the program on a path of long-term sustainability.”
Arnold Ventures is a philanthropy dedicated to tackling some of the most pressing problems in the United States. It is a team of more than 120 subject-matter experts headquartered in Houston with offices in New York and Washington, D.C. It works in four key issue areas: Criminal Justice, Education, Health, and Public Finance. Its work is guided by Evidence-Based Policy, Research, and Advocacy.