Enrollment in the privatized Medicare Advantage plans only increased 3.8% overall from February 2024 to February 2025. If enrollment remains at that level throughout 2025, it will be the lowest for MA since 2007, based on an analysis of data from the Centers for Medicare and Medicaid (CMS). A major reason for the slower growth is that heading into the Medicare Annual Enrollment Period, Oct. 15 – Dec. 7, 2024, Humana, CVS – Health Aetna, Wellcare-Centene, and Cigna terminated multiple “unprofitable” MA plans across America and left 1.1 million beneficiaries without plan coverage. Another reason is worse benefits and fewer plans available coming into 2025. The growth path that MA had been on acquired 54% (34.4 million) of the seniors’ healthcare insurance market. That growth translated to massive profits for insurers, which receive a per-member, per-month fee for covering their beneficiaries’ health needs, but also contributed to MA costing taxpayers $88 …
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Trustees for Social Security and Medicare Issue Annual Report
Trustees for Social Security and Medicare Issue Annual Report The Trustees for Social Security and Medicare issued their annual reports on the programs on Wednesday, June 18, 2025. Based on the Trustees best estimates, this year’s reports show that: The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year’s report. At that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 77 percent of total scheduled benefits. The Disability Insurance (DI) Trust Fund is projected to be able to pay 100 percent of total scheduled benefits through at least 2099, the last year of this report’s projection period. Last year’s report projected that the DI Trust Fund would be able to pay scheduled benefits through …
Trustees for Social Security and Medicare Issue Annual Report
Trustees for Social Security and Medicare Issue Annual Report The Trustees for Social Security and Medicare issued their annual reports on the programs on Wednesday, …
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