Finally, the Fed is catching on and proposing a way to stop the private Medicare Advantage plans from siphoning money in fraudulent ways. This is a quote from a recent article in The New York Times: The change in payment formulas is an effort, Biden administration officials say, to tackle widespread abuses and fraud in the increasingly popular private program. In the last decade, reams of evidence uncovered in lawsuits and audits revealed systematic overbilling of the government.