Becker's Healthcare August 24, 2023
A judge sided with retirees opposed to the implementation of New York City’s plan to switch 250,000 retired city employees from traditional Medicare to Medicare Advantage.
On Aug. 10, Judge Lyle Frank permanently blocked the implementation of an Aetna Medicare Advantage plan, though New York City Mayor Eric Adams plans to appeal the decision.
The yearslong struggle over the $15 billion contract, which would have been one of Aetna’s largest contracts in company history, is a high-profile example of a nationwide trend.
In 2022, half of employers who offer retirees health benefits do so through Medicare Advantage plans, up from 26 percent in 2017, according to KFF.
Though more employers are opting for Medicare Advantage, a declining...
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