Fierce Healthcare August 25, 2022
More than 28 million people are in a Medicare Advantage (MA) plan in 2022, with the program accounting for nearly half of all Medicare beneficiaries, a new analysis finds.
The analysis, released Thursday by the Kaiser Family Foundation, also showed how spending on MA, especially on quality bonuses, has surged to take up more than half of all federal Medicare spending. The findings underscore the widespread interest in the insurance industry on the MA marketplace, which has grown more lucrative in recent years.
“One of the things that appear to be driving enrollment is all the extra benefits: dental, vision, over-the-counter drug benefits, transportation and meals that more and more plans are offering,” said Meredith Freed, a senior policy analyst...
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