STAT February 20, 2024
The sky didn’t fall for MA
Last year, after the Biden administration made some tweaks to Medicare Advantage, the health insurance industry screamed to the heavens. Lobbying groups warned that seniors’ benefits would get slashed, premiums would rise, and the $500 billion program would come crashing down.
That … didn’t pan out.
Roughly 33.4 million people were enrolled in a Medicare Advantage plan at the start of 2024, according to new federal data that we analyzed last week. It’s an increase of 7.1% from the same time last year, although it appears the true annual growth rate is closer to 6% after factoring in some errors within Medicare’s 2023 data, according to Gary Taylor, a managing director and health care...
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