Healthcare Economist March 28, 2022
Fierce Healthcare reports that in 2022 Medicare Advantage enrollment is continuing to grow at the expense of traditional fee-for-service Medicare. They write that:
Medicare Advantage plans signed up another 2.3 million beneficiaries for the 2022 coverage year, with the program now making up 45% of all Medicare enrollment, a new study found.
…total 2022 enrollment in Medicare grew by 1 million beneficiaries, a spike of 1.6% over 2021. MA plans added 2.3 million beneficiaries overall, with part of that growth coming at the expense of 1.3 million people transitioning from traditional Medicare to MA.
As there has been an influx of beneficiaries to Medicare Advantage, there also has been an increase in plan choice. According to...