January 30, 2019
WASHINGTON, D.C. – January 30, 2019– Matt Eyles, President and CEO of America’s Health Insurance Plans (AHIP), issued this statement today following the release of the 2020 Medicare Advantage proposed payment rate notice from the Centers for Medicare & Medicaid Services (CMS):
Nearly 22 million Americans – one-third of those eligible for Medicare – choose a Medicare Advantage plan because it consistently delivers better services, better care, and better value. While payments to Medicare Advantage plans on average are equivalent to costs for traditional Medicare, research shows Medicare Advantage is more efficient, produces better outcomes, and has a much higher level of satisfaction among seniors.
That’s why last year 363 members of Congress – Republicans and Democrats alike – signed onto a letter to show their strong support for Medicare Advantage. We appreciate the ongoing bipartisan commitment from both Congress and the Administration to protect the Medicare Advantage program – ensuring its long-term stability, so that it can continue to improve seniors’ access to quality, affordable health care that meets their individual needs. Their support is a key reason why, in 2019, average Medicare Advantage premiums are projected to decrease by 6 percent and more than 91 percent of Medicare enrollees will have access to at least ten Medicare Advantage plans.
We will continue to review the advance rate notice carefully and look forward to participating in the comment period.
America’s Health Insurance Plans (AHIP) is the national trade association representing the health insurance community. AHIP’s members provide health and supplemental benefits to millions of Americans through employer-provided coverage, the individual insurance market, and public programs such as Medicare and Medicaid. AHIP advocates for solutions that expand access to affordable health care coverage to all Americans through a competitive marketplace that fosters choice, quality, and innovation. Visit www.ahip.org for more information.