Modern Healthcare May 9, 2019
The insurance industry’s counter to Medicare for All is Medicare Advantage, the privately run plans that already serve 22 million seniors or more than a third of beneficiaries.
That number will only grow in the years ahead as the next generation of seniors, already comfortable with managed care through their workplace plans, age into the program. The Congressional Budget Office projects MA plan enrollment will grow to 42% of beneficiaries by 2028.
Why are seniors flocking to these insurer-run alternatives, which would be eliminated under M4A bills? That’s easy: more benefits, no added premiums for supplemental and drug coverage, and lower out-of-pocket expenses. MA...
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