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President Donald Trump signs an executive order to protect and improve Medicare. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

Health insurers continue to see Medicare Advantage as a lucrative business, especially as aging Baby Boomers have propelled enrollment to about 22 million people, Bloomberg reports.

Why it matters: Health insurers and the Trump administration are working fast to sign people up for the private Medicare plans instead of traditional Medicare. And the president's executive order last week aims to keep funneling even more people toward Medicare Advantage over time, Axios' Marisa Fernandez writes.

By the numbers: About 1/3 of all Medicare enrollees are in Medicare Advantage, according to the Kaiser Family Foundation.

  • Insurers collect a fee from the government for each person who signs up, Bloomberg notes. It added up to about $254 billion in 2019.

What to watch: The share of traditional Medicare enrollees is decreasing, and it's predicted more than half of Medicare members will be in private plans by 2025, Bloomberg reports. The enrollment period opens Oct. 15.

Go deeper: Trump still doesn't have an alternative to "Medicare for All"

Go deeper

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

14 hours ago - Politics & Policy

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.