Navigation Links
Changes in Medicare Advantage Reimbursement May Prompt Members to Shop for New Plans
Date:3/31/2009

Deft Research Releases Study showing state of the senior health care market

MINNEAPOLIS, March 31 /PRNewswire/ -- Deft Research recently released the 2009 Senior Market Dynamics Study, which describes switching and shopping behavior in the senior health insurance market.

When premiums go up $15-30, the study found that 45-75% of the Medicare Advantage market will be mobilized to shop for different health insurance. The study found that at a $5 dollar premium increase 20% of MA members would ask their current insurer for alternatives to their current plan, and 17% would look at plans from different insurers. If faced with a change that made them want to switch their plan, 61% of MA members said they would stay in an MA type product, while 18% would choose to have original Medicare only and 21% would choose a MedSupp plan. This willingness to change plans is big news to MA providers, and understanding how hard they can push members before they will look for different insurance will be vital information in this market.

Over 1,500 seniors participated in this study conducted in February and March of 2009. The study asked questions that are responsive to a need to understand consumer behavior under changing premiums and benefits. Recipients of the report will also have the opportunity for a teleconference presentation, and receive follow up research and technical assistance, and monthly Executive Research Briefs.

Last month, the Center for Medicare and Medicaid Services (CMS) announced lower than expected reimbursement for Medicare Advantage plans. "This change will have a dramatic effect how MA plans build and price their products," says Deft Research's Principal Rich Hamer, "Many seniors will see a reduction of benefits, an increase in premium or both. Deft's new Senior Market Dynamics Study looks at the reaction of consumers to these types of changes."

About Deft Research, LLC

Deft Research, LLC is a market research firm specializing in custom and syndicated research designed for those in the healthcare, insurance, and pharmaceutical industries. Deft Research works with management to define pertinent issues and conducts research that guides management and allows them to make better, well supported decisions.

For more information see www.deftresearch.com or contact:

    Barb Strnad
    (612)436-8315
    bstrnad@deftresearch.com


'/>"/>
SOURCE Deft Research, LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Mylan Announces Intention to Purchase Remaining Interest in Matrix Laboratories and Delist Matrix from Indian Stock Exchanges
2. Finland Seeks Systemic Changes in Health Care
3. Genetic changes outside nuclear DNA suspected to trigger more than half of all cancers
4. eFoodSafety.com, Inc. Changes Name to Nuvilex, Inc., Reflecting New Strategic Direction of Company
5. BMP Sunstone Exchanges and Calls Outstanding Notes Due May 2009
6. Study finds pay for performance stimulates changes in medical practice
7. Sysmex Corporation Announces Organizational Changes
8. Study finds injectable birth control causes significant weight gain and changes in body mass
9. Nanophase Announces Changes in Principal Officers and Directors
10. Calling Policies Unreasonable, 123 Members of Congress Press for Changes in Medicare Home Oxygen Policies for Emergency Care, Supplies and Other Obligations After 36 Months of Service
11. Lilly Announces Leadership Changes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. ... The attorneys chosen by their peers for this recognition are considered among the top ... Shareholders received special honors as members of this year’s Legal Elite Hall of Fame: ...
(Date:6/24/2016)... Diego, CA (PRWEB) , ... June 24, 2016 , ... ... with the American Cancer Society and the Road To Recovery® program to drive cancer ... to seniors and other adults to ensure the highest quality of life and ongoing ...
(Date:6/24/2016)... ... 24, 2016 , ... People across the U.S. are sharpening their pencils and ... essay contest in which patients and their families pay tribute to a genetic counselor ... National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... is proud to recognize Dr. Barry M. Weintraub as a prominent plastic surgeon ... beautiful women in the world, and the most handsome men, look naturally attractive. ...
(Date:6/24/2016)... Maryland (PRWEB) , ... June 24, 2016 , ... ... Angels is actively feeding the Frederick area economy by obtaining investment capital for ... over the past 2½ years that have already resulted in more than a ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)...   Pulmatrix, Inc ., (NASDAQ: PULM ... announced today that it was added to the Russell ... comprehensive set of U.S. and global equity indexes on ... milestone for Pulmatrix," said Chief Executive Officer Robert ... progress in developing drugs for crucial unmet medical needs, ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... report to their offering. ... kidney failure, it replaces the function of kidneys by removing ... thus the treatment helps to keep the patient body,s electrolytes ... Increasing number of ESRD patients & substantial healthcare expenditure ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: ... 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) assay ... sepsis or septic shock. With this clearance, Roche is ... a fully integrated solution for sepsis risk assessment and ... with bacterial infection and PCT levels in blood can ...
Breaking Medicine Technology: