Senate Dems Blast Medicare Advantage Giants Over 'Exorbitant' CEO Pay

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Senate Dems Blast Medicare Advantage Giants Over 'Exorbitant' CEO Pay
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'It is outrageous that industry groups, on your behalf, are putting your plan's enormous profits over care for seniors,' wrote SenWarren and SenJeffMerkley

earlier this week,"Medicare officials have been inundated with more than 15,000 comment letters for and against the policies, and roughly two-thirds included identical phrases from form letters."

"Insurers used television commercials and other strategies to urge Medicare Advantage customers to contact their lawmakers," theadded."The effort generated about 142,000 calls or letters to protest the changes, according to the Better Medicare Alliance, one of the lobbying groups involved.

Warren and Merkley voiced outrage that Medicare Advantage insurers would respond to the Biden administration's proposed policy changes by threatening"actions that hurt seniors"—such as premium hikes—"instead of reducing exorbitant salaries or the massive payouts to your shareholders and executives." "It is outrageous that industry groups, on your behalf, are putting your plan's enormous profits over care for seniors," the senators wrote to the insurance company CEOs.

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