Managed Healthcare Executive July 11, 2021
Findings from industry studies show major cost savings for beneficiaries in Medicare Advantage plans. Some say the cost per enrollee for the government is higher than that for traditional Medicare.
Enrolling in a Medicare Advantage (MA) plan can ring up big health care savings for seniors, results of a recent study by UnitedHealth Group show. Using industrywide data from Milliman, the actuarial and consulting firm, the health services company found that those enrolled in an MA plan save, on average, 40% in annual premiums and out-of-pocket costs, or roughly $2,000 a year, compared with beneficiaries in
the traditional Medicare.
The findings indicate, for example, that a 73-year-old individual in average health in 2020 would have spent $3,558 annually for MA coverage...
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