GAO: MA Plans Reaped $1.3 Billion More in Profits Than Expected

Medicare Advantage (MA) plans took in $3.36 billion in profits in 2006, nearly $1.3 billion more than projected, according to a new Government Accountability Office (GAO) report. It was the second year in a row the plans exceeded profit projections. MA plan payments from the government are structured, in part, on the insurance companies’ projected…