Health Payer Intelligence July 9, 2020
Medicare Advantage plans kept their expenses low, diversified their benefits, and demonstrated better health outcomes than fee-for-service Medicare.
The number of Medicare Advantage plans is increasing, while typically being of higher quality and yielding more cost-savings as opposed to fee-for-service Medicare, Better Medicare Alliance argued in its State of Medicare Advantage report.
Medicare Advantage has become almost ubiquitous in the US, with the number of plans jumping 49 percent since 2017. On average, there are 39 plans available per county.
This increased volume means that nearly all Medicare beneficiaries can access at least one Medicare Advantage plan in 2020 (99 percent).
In addition to a larger uptake, Medicare Advantage plans have seen greater cost savings in the past year. With...
Today's Sponsors
Today's Sponsor