Business Insider June 10, 2019
The needle hasn’t moved much on newly eligible adults opting for Medicare Advantage (MA) plans over traditional Medicare: In 2016, 29% of adults opted into MA plans during their first eligible year, a 6-percentage-point increase from the 23% who selected MA during their first year of eligibility in 2011, according to a new Kaiser Family Foundation analysis.
For context, MA plans are private plans that US seniors can select in lieu of government-run Medicare. This news could dial back enthusiasm for the MA market’s potential: Enrollment in MA plans has climbed in recent years, but the new analysis might indicate the Congressional Budget Office’s current prediction that MA’s set to account for nearly half of Medicare beneficiaries by 2029...
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