Fact sheet: Strengthening Medicare Advantage

CMS: 4/7/14

The policies in the 2015 Medicare Advantage and Part D Rate Announcement and final Call Letter continue the successful implementation of the Affordable Care Act’s reforms that improve quality and provide greater protections for beneficiaries and value for taxpayers.  Here are the facts:

 

Since the Affordable Care Act was passed in 2010:

 

  • Medicare Advantage premiums have fallen by nearly 10 percent.
  • Medicare Advantage enrollment has increased by 38 percent to an all-time high of more than 15 million beneficiaries, with nearly 30 percent of Medicare beneficiaries enrolled in a Medicare Advantage plan.
  • Medicare Advantage enrollees are benefiting from greater quality with over half of enrollees now in plans with 4 or more stars, a significant increase from 37 percent of enrollees in such plans in 2013.
  • Access to the Medicare Advantage program remains nearly universal, with 99.1 percent of beneficiaries having access to a plan in their area.  Read More