Navigation Links
Medicare Advantage Membership Increased by One Million Between January and July 2008
Date:1/14/2009

Enrollment in Private Fee-for-Service Plans Significantly Contributed to Growth, According to Newly Released Data from HealthLeaders-InterStudy

NASHVILLE, Tenn., Jan. 14 /PRNewswire/ -- HealthLeaders-InterStudy, the leading provider of managed care market intelligence, reports that from January 2008 to July 2008 Medicare Advantage enrollment grew by one million to more than 9.9 million members, an increase of 11 percent. Details of this growth, and other enrollment information, can be found in the latest release of Managed Market Surveyor-Rx, a database product from HealthLeaders-InterStudy that delivers medical and pharmacy benefit enrollment by managed care organization and geography.

"Consumers are converting from stand-alone plans to the more managed products that Medicare Advantage plans provide, which have deeper benefits," said Jane DuBose, Director of Health Plan Analysis for HealthLeaders-InterStudy. "Additionally, there's a lot of marketing around Medicare Advantage plans that increases consumer awareness about these options and has likely contributed to their growth."

According to HealthLeaders-InterStudy data, about 35 percent of the Medicare Advantage growth can be attributed to increases in private fee-for-service plan membership. From January 2008 to July 2008, membership in these plans increased by nearly 350,000 lives.

There are many factors driving the popularity of private fee-for-service plans. With no network restrictions and a structure similar to supplement plans with which many seniors are familiar, they are attractive to consumers. For insurers, there's a low barrier for entry as private fee-for-service plans do not require the establishment of provider networks. However, recent changes in Medicare Advantage legislation requires private fee-for-service operators to create networks in counties where another network-based plan exists by 2011.

"We'll likely see membership in private fee-for-service plans begin to stabilize over the next two years as carriers begin to shift members to HMO or PPO plans," said DuBose. "Large insurers with large networks in place should be able to more easily shift membership to HMO or PPO options, but smaller insurers will need to work harder to establish the networks needed to meet the new requirement. While the new requirement will shift Medicare Advantage membership across the board, it will have a significant impact on Medicare Advantage membership in urban areas where network options are more readily available."

Why Pharmaceutical Companies Need Managed Market Surveyor-Rx

Managed Market Surveyor-Rx delivers medical and pharmacy benefit enrollment data by managed care organization and geography (national, state, MSA) to better inform strategic planning and resource allocation. Relying on primary research and HealthLeaders-InterStudy's proprietary validation methodology, Managed Market Surveyor-Rx provides the most accurate managed care database available.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit www.HL-ISY.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

    For more information, contact:

    Lisa Osgood                                     Elizabeth Marshall
    HealthLeaders-InterStudy                        Decision Resources, Inc.
    781-296-2606                                    781-296-2563
    losgood@hl-isy.com                              emarshall@dresources.com


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. GAO Report Confirms: Medicare Underpays for Anesthesia Services; Nurse Anesthetists Assure Seniors Access to Safe Anesthesia Care
2. Texas Supreme Court Rules Against Medicare HMOs in Hospital Reimbursement Fight
3. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
4. Just Completed Studies Reveal Impact of New Medicare Reimbursement Regulations
5. AHCA: Rescinding $2.7 Billion Medicare Cuts Top Issue for Fall Legislative Agenda
6. University of Texas Study Details Lengthy Payment Delays for Medicare Part D Prescription Drug Claims, Confirming Need for Legislative Fix
7. Medicare Spending Caps Cause Seniors to Stop Meds
8. Medicare Prescription Drug Benefit, Nonprofit Hospitals, Ambulatory Surgery Centers, Statistical Methods, and Pay-For-Performance Highlighted In the Latest INQUIRY Journal
9. Medicare Every Diabetic Counts Project Gears Up for Kick-Off
10. Medicare Cuts to Physicians Will Harm Washington Seniors
11. More than 10,000 Medicare Patients in Montana Could Be Hit by Proposed Cuts to Home Oxygen Therapy; Access to Power Wheelchairs Would Also Decrease
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... Texas (PRWEB) , ... May 02, 2016 , ... The ... a time to honor the civilian nurses that care for its uniformed service members, ... signed a proclamation in 1974 designating May 6th through May 12th National Nurses Week. ...
(Date:5/2/2016)... ... May 02, 2016 , ... In honor of National Physical Fitness and Sports ... who share their fitness journey on social media. , The foot care company, ... a $100 product voucher each week during May to one winner. , “Whether the ...
(Date:5/2/2016)... ... 2016 , ... Over $60 Billion is spent annually on products for our ... product review site for Toys, Tots, Pets & More (TTPM) announced the 15 winners ... at the Metropolitan Pavilion in New York City. , Chosen from a field of ...
(Date:5/2/2016)... (PRWEB) , ... May 02, 2016 , ... Further establishing ... to announce that the new WHIMZEES Variety Value Boxes were selected from over 1,000 ... Product Showcase Award. , WHIMZEES natural dental chews for dogs are a favorite ...
(Date:5/2/2016)... ... ... World Ultimate & Guts Championship (WUGC) Mixed roster was announced in February and Chris Mazur, ... being held in London, England this year from June 18-25. At the last WUGC in ... the women’s masters division, and a silver in the women’s division, so Mazur hopes to ...
Breaking Medicine News(10 mins):
(Date:5/2/2016)... , May 2, 2016  Deerfield announced today ... of Graybug Vision, Inc. Graybug Vision is an ... that may transform care for ocular diseases including ... Vision,s technology was first developed at Johns Hopkins ... startup venture. Graybug Vision is ...
(Date:5/2/2016)... 2016 The global  ultrasound ... billion by 2024, according to a new report ... of the sonography market include expanding applications of ... for periodic ultrasound screenings of the breast for ... ) High Intensity Focused Ultrasound ...
(Date:4/29/2016)... New Jersey , April 29, 2016 /PRNewswire/ ... Software Suite for Life Sciences, Product Development Capabilities ... Global Life Science Customer Base . ... solutions provider, today announced the acquisition of Skura ... a global leader in adaptive sales enablement technology ...
Breaking Medicine Technology: