Health Payer Intelligence December 11, 2023
Medicare and Medicaid spending is on the rise, so health plans need to optimize their member engagement strategies to align with specific population needs.
Healthcare spending in the US is on a fast track. Federal actuaries expect total expenditures to reach $7.2 trillion by 2031, with Medicare and Medicaid spending projected to increase rapidly. For health plans, these spending and enrollment rates create an opportunity to optimize member engagement.
Medicare spending is expected to increase 7.8 percent per year through 2031, while Medicaid expenditures are slated to rise by an average of 5.6 percent annually during the period. In contrast, private health insurance spending is projected to grow by 5.2 percent, according to federal actuaries.
As spending grows, health plans...
Today's Sponsors
Today's Sponsor