![](https://images.jacobinmag.com/wp-content/uploads/2023/05/26122025/GettyImages-465687182-420x315.jpg)
The For-Profit Takeover of Medicare Is a Huge Scam
Last year, the federal government spent $20.5 billion overpaying private insurers for Medicare Advantage plans — and the industry’s aggressive lobbying campaign is kneecapping efforts by lawmakers to stop the scheme.