By Doug Feekin on February 28, 2013
Medicare Advantage enrollments as of February 2013 showed year-end growth consistent with the previous year. Based on these February 2013 enrollment numbers, CSG Actuarial is projecting that Medicare Advantage enrollment as of December 2013 will be around 14.5 million.
Medicare Advantage growth beyond 2013 might not be as robust. Preliminary data released by the government last week indicates steeper-than-expected rate cuts for Medicare Advantage plans in 2014. The combination of various factors could add up to a rate decrease between 7% and 8% which would cause higher premiums and/or lower profits and enrollment growth in 2014. However, keep in mind that some expect CMS to soften any potential rate cuts before final numbers are released in April.
About CSG Actuarial
CSG monitors senior markets to provide the most up-to-date competitive intelligence in the industry. CSG DataMart™ includes premium rate and underwriting information for more than 200 companies. Call 855-861-8776 or email info@csgactuarial.com to learn more.
http://csgactuarial.com/news/medicare-advantage-plans-continue-growth/
CSG monitors senior markets to provide the most up-to-date competitive intelligence in the industry. CSG DataMart™ includes premium rate and underwriting information for more than 200 companies. Call 855-861-8776 or email info@csgactuarial.com to learn more.
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