Commonwealth Fund January 31, 2024
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Medicare Advantage plans will soon become the dominant form of Medicare coverage. What does this mean for beneficiaries and for the future of the Medicare program?
Our Medicare Advantage policy primer explores the past, present, and future of private plans in Medicare
This primer was originally published in May 2022 and was updated in February 2024.
What is Medicare Advantage?
Medicare Advantage plans are private health insurance plans paid by the federal government to provide Medicare-covered benefits as an alternative to “traditional” or “original” Medicare.
Private plans have been an option in Medicare since the 1970s, but enrollment in private plans remained relatively low through the 1990s.1 Aside from changing the name of Medicare private plans from Medicare+Choice to...
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