Healthcare Finance News March 10, 2022
The maturation of Medicare Advantage has made it a popular offering for consumers and payers alike, and it’s still evolving.
As a concept, Medicare Advantage isn’t new. Originally known as Medicare Plus Choice, it was passed with bipartisan support under the Clinton Administration with an eye toward giving seniors another option for receiving Medicare benefits. Flash forward to 2022, and the program has evolved into a full-blown force: Payers love it, patients report high satisfaction and enrollment is only expected to grow as it becomes ever more popular.
The Centers for Medicare and Medicaid Services said that this year, MA is projected to reach 29.5 million people compared to 26.9 million enrolled in a Medicare Advantage plan in 2021.
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