Medical Xpress February 9, 2023
Despite a dramatic increase in the size of the Medicare-eligible population due to an aging society, enrollment in traditional Medicare declined by almost 3% since 2006. This was the result of a significant increase in the share of beneficiaries enrolling in Medicare Advantage plans, according to a new USC Schaeffer study published this week in the February 2023 issue of Health Affairs.
Medicare Advantage (MA) allows enrollees to get their health and prescription coverage through plans administered by private insurance companies as an alternative to traditional Medicare.
“Private plan predecessors of MA were originally set up as a sort of experiment and, for a number of years, participation in these programs grew very slowly,” says Paul Ginsburg, senior fellow at...