For or against government run healthcare? For or against private health insurance?
How is it the best deal for many retirees is private health insurance?
Many retirees get MA free, many receive extra benefits and prescription coverage included. The tradeoff is that health care providers must be in the plans network, but that does not seem to stop millions of retirees.
The question is, are Medicare Advantage plans simply more efficient than Medicare or are they subsidized by government at a higher than justified level?
A 9% year-over-year increase was observed in the number of US Medicare beneficiaries who enrolled in a Medicare Advantage health plan in 2020, with the increase in enrollment influenced by the coronavirus disease 2019 pandemic and its related effects.
Based on preliminary open enrollment data collected from October 15 to December 7, 2020, 36% of the 67.7 million Medicare beneficiaries in the United States are enrolled in a Medicare Advantage (MA) plan this year, marking a 9% year-over-year increase. In a study conducted by MedicareAdvantagePlans.org, researchers sought to poll Medicare beneficiaries on their reasoning for enrolling in a MA plan.
As the authors note, MA plans, also known as Medicare Part C, have grown in popularity in recent years as it has been associated with being more cost-effective, flexible, and typically including Part D prescription drug coverage.
After surveying adult Americans that are eligible for Medicare and already enrolled in a MA plan for 2021 (N = 700), this year’s increase in enrollment was influenced by several factors, particularly the coronavirus disease 2019 (COVID-19) pandemic and its related effects.
While 29% chose the plan for its prescription drug coverage, and 16% for its affordability, 9% of MA enrolled Americans chose it for its supplemental benefits.