Account

The Actual News

Just the Facts, from multiple news sources.

Medicare Price Hikes Would Push Majority of Seniors to Ditch Plans—Poll

Medicare Price Hikes Would Push Majority of Seniors to Ditch Plans—Poll

Summary

A poll by SeniorLiving.org found that nearly 70% of Medicare recipients would change their health plans if costs increase. This comes as insurers cut back on Medicare Advantage options due to lower government payments. Many seniors are focused on finding more affordable health care plans amid rising prices.

Key Facts

  • Almost 70% of Medicare recipients would switch plans if prices rise.
  • Around 82% of recipients prioritize affordability when picking plans.
  • About 60% might switch if their doctor leaves the network or treatment isn't covered.
  • Insurers are reducing Medicare Advantage options because of lower government payments.
  • Medicare provides health coverage to nearly 70 million Americans.
  • There's an expectation of significant changes during the upcoming enrollment period due to rising costs.
  • Price hikes have prompted recipients to reconsider and potentially change their current plans.

Source Information