Forbes December 29, 2022
With almost one in two seniors now enrolled in the privatized health plan alternative to traditional Medicare known as “Medicare Advantage,” look for growth to escalate in 2023 and beyond.
Though there have been probes into aggressive marketing practices and other allegations against Medicare Advantage plans, the privatized program has survived myriad examinations by lawmakers and prosecutors and is now one of the more bipartisan policy initiatives in Washington with more than 28 million seniors enrolled in a Medicare Advantage plan in 2022, which accounted for 48% of Americans eligible for Medicare benefits. That growth is projected to only rise for the 2023 plan year.
Health insurance companies that have long been big players in Medicare Advantage, including Humana, Cigna,...
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