Fierce Healthcare January 21, 2020
Medicare Advantage (MA) plan holders spent nearly 40% less than their counterparts in Medicare’s fee-for-service program, according to a new analysis from UnitedHealth Group.
The analysis, released Tuesday, comes as insurers are making major expansions into MA, which enables Medicare beneficiaries to use their benefit to purchase a private plan. UnitedHealth aims to add 700,000 members to its MA plans this year, the company said during its recent earnings call.
UnitedHealth’s analysis, which was conducted by consulting firm Milliman, found that the average annual healthcare costs for a 72-year-old MA beneficiary were $3,632 and $5,960 for beneficiaries on fee-for-service.
“Over their lifetime, seniors enrolled in Medicare Advantage can save $50,000 to $85,000,” UnitedHealth said in a release.
The analysis also...
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