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 (see Half Of All Eligible Medicare Beneficiaries Are Now Enrolled In Private Medicare Advantage Plans). 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 (see Medicare Advantage Surpasses Traditional Medicare—And That Costs Taxpayers More). What consumers trade for these benefits . . .