WASHINGTON, D.C. – (October 30 2020) – Matt Eyles, president and CEO of America’s Health Insurance Plans (AHIP), issued this statement today following the Centers for Medicare & Medicaid Services’ (CMS) release of Part II of the 2022 Medicare Advantage (MA)and Part D proposed rate notice:
“Nearly 25 million Americans – almost 40% of eligible Medicare beneficiaries—choose a Medicare Advantage plan because it delivers better services,better value, and better access to care. For 2021, average monthly premiums for MA plans will decline from $23.63 in 2020 to $21. Seniors enrolled in MA plans are more satisfied than seniors with traditional Medicare, with 93% reporting they are satisfied with theirMA plan compared to 80% with traditional Medicare.
“That is why MA and Part D enjoy strong bipartisan support as an essential source of coverage for seniors and people with disabilities. We appreciate that CMS continues to recognize the value of this essential program, and has continued to offer additional flexibilities to allow health insurance providers to innovate to provide greater value to older Americans.
“We will continue to review the proposed 2022 rate notice, and we look forward to sharing important feedback with CMS during the comment period.”
About AHIP
AHIP is the national association whose members provide coverage for health care and related services to hundreds of millions of Americans every day. Through these offerings, we improve and protect the health and financial security of consumers, families, businesses, communities and the nation. We are committed to market-based solutions and public-private partnerships that improve affordability, value, access, and well-being for consumers. Visit www.ahip.org for more information.