Medical Economics June 21, 2023
Despite some tumult in the market, tailwinds that have propelled Medicare Advantage popularity persist in 2023. The competitive complexity and changes have far-reaching implications for health care services organizations whose businesses are built on serving this important segment.
As Original Medicare continues to shrink, a record number of beneficiaries joined Medicare Advantage plans this year – 2.7 million to be exact, according to the 2023 Medicare Advantage Competitive Enrollment Report. This brings the total number of beneficiaries enrolled in a Medicare Advantage plan to 30.7 million, nearly half of seniors nationally. The effect of these dynamics on primary care cannot be underestimated, particularly as physicians look for ways to effectively serve their existing patients and grow their panels.
Implications for...
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