Fierce Healthcare August 1, 2019
A new survey dives into the state of the Medicare Advantage market.
Business is booming in Medicare Advantage (MA), and many insurers operating in that market say they have plans to grow, according to a new survey.
Software company HealthEdge backed a survey of 201 insurance executives who work with Medicare and MA plans and found that 92% were either growing or intended to grow their MA business more quickly than their traditional Medicare business lines.
A clear draw is the steady growth in MA enrollment as more baby boomers age into Medicare. In 2019, 22 million people chose an MA plan over fee-for-service Medicare, about 34% of the total Medicare population, according to the survey.
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