Could someone give me a hand? I’m trying to reconcile this statement by Lanhee J. Chen And James C. Capretta from an op-ed in the Wall Street Journal:
According to the Medicare Payment Advisory Commission, Medicare Advantage’s HMOs provided patients with covered services for 92% of the cost of the traditional fee-for-service program in 2013.
with this statement from MedPac, the “independent advisory board” that advises Congress on Medicare and Medicaid:
We estimate that 2014 MA benchmarks, bids, and payments (including the quality bonuses) will average 112 percent, 98 percent, and 106 percent of FFS spending, respectively.
My recollection is that MedPac’s statement is consistent with past experience. I don’t see how both statements can be right.