KFF.org Report: Medicare Advantage 2011 Data Spotlight: Medicare Advantage Enrollment Market Update

Tighten the screws on the lying right…

 

(Cross-posted from TPM Café Castaway . . .)

 

Recall the Republican meme during the 2010 elections that the Obama Medicare plan was going to cut seniors’ Medicare benefits and the premiums would increase?

Well… As we all know – if one were to actually have a grip on the facts – the Republicans and there bastard offspring in the Tea Party were full of crap.

In 2010 there were 11.7 million seniors in Medicare Advantage plans, the private insurance alternative to Medicare. The CBO predicted Medicare Advantage enrollment would be 10.2 million in 2012. Health and Human Services now project that figure will be 13.1 million. And, in the words of HHS Secretary Kathleen Sebelius, “On average, Medicare Advantage premiums will go down next year and seniors will enjoy more free benefits and cheaper prescription drugs.”

By Phil Galewitz,  WaPo Published: September 15

https://i2.wp.com/www.jillstanek.com/sebelius%20obama%20talk.jpg

The nearly 12 million senior citizens enrolled in private Medicare health plans will see their monthly premiums drop by an average of 4 percent while benefits remain stable next year, the Obama administration officials announced Thursday. In addition, they said, premiums fell by an average of 7 percent this year, much higher than the 1 percent the government projected a year ago.The plans, called Medicare Advantage, are offered by health insurance companies as an alternative to traditional, government fee-for-service Medicare.

Enrollment in the plans, which now cover about a quarter of all Medicare beneficiaries, is expected to grow by 10 percent in 2012, said Jonathan Blum, deputy administrator for the Centers for Medicare and Medicaid Services. Blum said health plans are also lowering co-payments and deductibles.

He attributed the premium drop to the agency’s strong negotiations with plans, as well as to the companies’ continuing desire to serve the market. (continues…)

And the following is the data compiled by the Kaiser Family Foundation

Medicare Advantage 2011 Data Spotlight: Medicare Advantage Enrollment Market Update

This data spotlight examines enrollment trends in Medicare Advantage plans in 2011 and finds that despite concerns about the effects of the 2010 health reform payment reductions on private Medicare Advantage plans, enrollment continued to rise this year.  Additionally, Medicare Advantage enrollees are paying lower premiums, on average, than they did in 2010. Preferred Provider Organizations gained more enrollees than any other plan type, while enrollment in Private Fee-for-Service plans continued to decline.The analysis was conducted by a team researchers at Mathematica Policy Research, Inc. and the Kaiser Family Foundation.

Data Spotlight (.pdf)

Information provided by the Program on Medicare Policy
Publication Number: 8227
Publish Date: 2011-09-09


That is all…

~OGD~

 

(Cross-posted from TPM Café Castaway . . .)

 

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4 thoughts on “KFF.org Report: Medicare Advantage 2011 Data Spotlight: Medicare Advantage Enrollment Market Update

  1. One thing this demonstrates is that the private companies that provide Medicare Advantage plans have been overcharging in the past and using the excess to pad their profits.

    They are not selling in a real market. Anyone who has ever looked at choosing a Medicare advantage plan will tell you that there is no reasonable way to compare any two plans in the system. They are intentionally not standardized in any way. If you want one of the plans you are choosing by pure guess and intuition.

    In a market you know what the products are, you compare the products and their prices and you choose the best product for you for the price. That is utterly impossible in Medicare advantage plans. The only “advantage” is the one the thieving insurance companies hold.

  2. You would think that if Health Insurance is so important to individuals in this country that they would take the time to do a little research on their own individual status in this system.

    Instead tens of millions of Americans think they can just scream about Obama Care without having the faintest idea what it actually is.

    1. Hah!

      You know Dick… I’ve always figured if I’m going to get into a health coverage contract, or any contract for that matter, I’ll read the damn thing from top to bottom before I sign anything…

      If I run into any gibberish that I don’t fully understand my adviser that I have at my disposal will tune me and clarify it for me.

      One only has their self too blame if they don’t do due diligence.

      ~OGD~

  3. Pingback: Medicare Buz » Blog Archive » Medicare Advantage 2011 Data Spotlight: Medicare Advantage Enrollment Market Update

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