John Curry explains how Medicare Advantage plans work (for the retirement system)

From John Curry April 28, 2021 From Facebook

How do Medicare Advantage plans make money (for the retirement system that offers them)?

Medicare Advantage is funded from two main sources. The plans receive some funding through monthly plan premiums, but most of the money comes from Medicare. The private insurance companies that offer the plans receive a payment each month from Medicare.

P.S. I should add...the more claims they deny the more money they make! Sound familiar?