Becker's Healthcare March 31, 2025
Medicare Advantage insurers are spending an increasing amount on fees and commissions paid to brokers, a report from the office of Senate Finance Committee Ranking Member Ron Wyden found.
Mr. Wyden said he planned to open an investigation into five third-party Medicare Advantage marketing organizations in 2024. The report, published March 25, details the investigation’s findings.
The report states that Medicare Advantage plans “increasingly rely” on third-party marketing organizations and lead generators to drive enrollment. Spending on agent and broker fees increased from $2.4 billion in 2018 to $6.9 billion in 2023, according to the report.
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