Medicare Advantage enrollment is expected to reach a milestone this year, exceeding 50% of the total Medicare population in 2023
Statistic Info
This growth reflects the value that Medicare Advantage plans are providing to seniors, including more comprehensive coverage than traditional Medicare. A growing number of beneficiaries are enrolling in measured models, such as accountable care organizations and bundled payment programs, which provide additional savings and quality benefits.
Author: Healthcare Dive
More Related Stats
Revenue Management
74% of Hospitals Use Some Revenue Cycle Automation
Affordable Care Act Marketplace Enrollment Up By 33%
Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately
Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023
Adults in the U.S. are most likely to have medical bill problems, regardless of income
More than 1 in 6 Americans now 65 or older
Demand for contract labor costs this year should normalize at about 60% higher than 2019 levels
More 2023 Stats
74% of Hospitals Use Some Revenue Cycle Automation
Nearly half of physicians are equally excited and concerned about the use of AI in their field
ChatGPT Gives Wrong or Incomplete Answers Regarding Medication About 75% of the Time
Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately
Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023
Adults in the U.S. are most likely to have medical bill problems, regardless of income
More than 1 in 6 Americans now 65 or older
27% of Adults Face At Least One Healthcare Affordability Challenge
In 2023 there was a 13% revenue growth in Q2 due to rising enrollment