Health Payer Intelligence October 3, 2022
Payers framed their new benefits for 2023 Medicare open enrollment in the context of rising inflation and efforts to lower healthcare costs.
For the 2023 Medicare open enrollment period, payers are introducing new benefits and expanding old ones with the aim of lowering costs and reducing healthcare’s complexity.
One of the major drivers behind new benefits that a couple of the major payers mentioned was the rising inflation rate.
Nearly four in ten Americans restrict spending in other areas of their lives in order to cover healthcare costs. That includes limiting automobile activity and even food consumption.
Rising inflation has seriously constricted Medicare beneficiaries’ wallets and made healthcare’s high prices even more unaffordable. Around 20 percent of Medicare beneficiaries...
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