A new analysis from the Kaiser Family Foundation shows that increasing numbers of Medicare beneficiaries are enrolled in Medicare Advantage plans. In fact, 48% of all eligible enrollees use Medicare Advantage, and that number is expected to rise to over 50% next year.
Some 28.4 million people are currently insured by Medicare Advantage, an alternate option to original Medicare which has steadily grown in popularity since 2007, when only 19% of eligible Medicare beneficiaries were in Advantage plans.
In fact, in the last year alone, 2.2 million more people enrolled in Medicare Advantage plans, an 8% year-over-year growth.
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