Concerns are rising about Medicare Advantage plans that manage coverage for over 30 million people, with insurers potentially cutting back on benefits due to profit pressures. A Medicare/Medigap plan is suggested as a better option for consumers. PBMs are adjusting strategies to squeeze independent pharmacies amid federal scrutiny. Medicare Advantage has been a significant revenue and profit driver, showing strong growth and high earnings per member. Medicare Advantage plans have applied $47/month to lower Part D premiums, leading to a decrease in MA-PD premiums for 2024 while stand-alone PDP premiums increased. Pharmacy unionizing efforts gain traction as a CVS in Las Vegas looks to unionize.
Pharmacy unionizing efforts build momentum as a CVS in Las Vegas seeks to join https://t.co/kPGd5sSPx2
Wow via @medicarepayment: #Medicare Advantage plans (Part C) applied $47/month to lower Part D premiums. For 2024, MA-PD premiums -13% vs. stand-alone #PDP premiums +22%. My $0.02: IRA will trigger collapse of PDP market & accelerate MA shift ==> https://t.co/OtqNX6KE3O (p 330) https://t.co/5L0IQnasu8
Great reading on Medicare Advantage "Insurers have long viewed Advantage as a big revenue and profit driver. Advantage has produced the strongest growth of any health-insurance segment, with highest revenue and earnings per member, according to Moody’s" https://t.co/AbFGnJxyQR https://t.co/nqxMhGrnbf
Amid increased federal scrutiny, PBMs pivot strategy to further squeeze independent pharmacies https://t.co/5fsuUspVap by @AnjKhem
Insurers may cut back on benefits as their profits get squeezed. Why a Medicare/Medigap plan could be a better deal for consumers.
No one has a crystal ball to see how their health will hold up through retirement. But concerns are mounting about Medicare Advantage, also known as Part C—the insurance plans that manage Medicare coverage for more than 30 million people. In this issue: https://t.co/CiyitRBGnH https://t.co/sKh4SGB5eA