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Medicare Blog | Medicare News | Medicare Information

As Medicare population booms, MA plans eye growth opportunities

Posted by www.psmbrokerage.com Admin on Thu, Aug 01, 2019 @ 04:06 PM

As Medicare population booms, MA plans eye growth opportunities

 

Business is booming in Medicare Advantage, and many insurers say they have plans to grow M/A, says a new survey; 201 insurance executives who work with M/A plans found 92% were either growing or intended to grow their M/A business more quickly than traditional Medicare business lines. In 2019, 22 million people chose an M/A plan over traditional Medicare, which is about 34% of the total Medicare population. “It's a super competitive market, where you don’t have to hit that big of a critical mass number,” said Steve Krupa, CEO of HealthEdge. “If you have 10,000 to 20,000 members, you have a substantial revenue base.”

Source: https://www.fiercehealthcare.com/payer/survey-as-medicare-population-booms-ma-plans-eye-growth-opportunities

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Tags: Medicare Advantage

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