One in 10 Medicare Advantage policyholders face forced disenrollment this year, according to an analysis by researchers at the Johns Hopkins Bloomberg School of Public Health. That’s as many as 2.9 million Americans.
Why Medicare Advantage plans are disappearing
Federal policy changes aimed at reducing overpayments are resulting in lower reimbursement rates from the government to insurers. That, along with rising medical costs, is squeezing insurers’ profitability margins, which is why many are cutting benefits or exiting markets altogether.