Becker's Healthcare March 15, 2024
Higher medical spending could be the new normal in Medicare Advantage — and insurers will have to find a way to respond, McKinsey analysts wrote.
The consulting firm on March 13 published its list of five key trends insurers in the Medicare Advantage space need to consider in the next year.
Here are McKinsey’s top trends for 2024:
- Product reset: Insurers may become more selective about how many plans and benefits they offer, as medical costs rise and policymakers reconsider the value of supplemental benefits. Plans may need to offer a “concise narrative” to the beneficiaries they are trying to attract, rather than trying to be all things to all people.
- Aging population: As the...
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