✳flâneur — a map of the web's best reading

10 Reasons Why Medicare Advantage Enrollment is Growing and Why It Matters | KFF

kff.org · 1,409 words · saved by 1 readers

For the first time in Medicare’s history, more than half of all eligible people with Medicare, or 30.8 million people in 2023, are enrolled in private Medicare Advantage plans. Medicare Advantage plans are offered by private health insurance companies that receive payments from the federal government to provide Medicare-covered services. People with Medicare have a choice between traditional Medicare (sometimes called fee-for-service Medicare or Original Medicare) and Medicare Advantage plans. The growth in Medicare Advantage enrollment is driven by a number of factors, including the Medicare payment system, which has served to attract and retain insurers and beneficiaries, rather than reduce Medicare spending. Medicare Advantage enrollment has more than doubled since 2010 and is projected to grow from 54% of the eligible population in 2024 to 60% by the end of this decade (Figure 1). While some of the larger Medicare Advantage insurers are reporting lower profits due to a slowdown in

10 Reasons Why Medicare Advantage Enrollment is Growing and Why It Matters | KFF Skip to main content Home Topics Medicare 10 Reasons Why Medicare Advantage Enrollment is Growing and Why It Matters Authors: Tricia Neuman , Meredith Freed , and Jeannie Fuglesten Biniek Published: Jan 30, 2024 Print Email Copy Link Add KFF on Google For the first time in Medicare’s history, more than half of all eligible people with Medicare, or 30.8 million people in 2023, are enrolled in private Medicare Advantage plans. Medicare Advantage plans are offered by private health insurance companies that receive pa

Explore this link on the map →

related reading