Demographics Are Destiny
Another milestone. Enrollment in Medicare Advantage surpassed traditional Medicare for the first time. As of January, 2023, 30.19 million of the 59.82 million people eligible for Medicare were enrolled in a private plan. The reason that consumers choose these plans is not hard to understand Medicare Advantage plans often offer extra benefits such as vision, hearing and dental and there is an out-of-pocket maximum. What consumers trade for these benefits and more benefits and lower costs are prior authorization requirements, …
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