Oct 10, 2019

Medicare Advantage isn't expected to slow down thanks to aging seniors

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"

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Nancy Pelosi isn't a big fan of "expensive" Medicare for All

Photo: Win McNamee/Getty Images

House Speaker Nancy Pelosi told Bloomberg on Friday she isn't a "big fan" of Medicare for All, calling the program "expensive."

Why it matters: The comments came the same day presidential candidate Sen. Elizabeth Warren unveiled her proposal to pay for a Medicare-for-All program. Other candidates, like Sen. Bernie Sanders and Julian Castro also support the principle.

Go deeperArrowNov 1, 2019

Buttigieg declared in 2018 tweet: "I do favor Medicare for All"

Photo: Win McNamee/Getty Images

South Bend Mayor Pete Buttigieg and his campaign denied on Wednesday that his health care stance had changed and clarified a 2018 tweet that's resurfaced in which he declared, "I do favor Medicare for All."

Go deeperArrowOct 17, 2019

Medicare for All's popularity may have peaked

Adapted from Kaiser Family Foundation; Chart: Axios Visuals

Public support for Medicare for All might have peaked, but it’s still a powerful idea among many Democrats.

By the numbers: Support for the national health plan rose from around 40% in 2000 to a high of 59% in March of 2018, but had slipped back to 51% by October of this year.

Go deeperArrowNov 6, 2019