UnitedHealth's Medicare Advantage growth is also a good sign for rivals • Good Assurance

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United Healthcare's correspondence is seen in North Andover, Massachusetts, in this archival photo of July 15, 2018. (AP Photo / Elise Amendola)ASSOCIATED PRESS

The strong increase in the number of seniors joining the UnitedHealth Group's Medicare Advantage plans may also be a good sign for rivals in the sale of government-sponsored private health insurance for people aged 65 and over .

Like the first large health insurer reporting its income for 2018 this year, UnitedHealth Tuesday was the first to reveal the growth of its Medicare Advantage business, the fastest growing form of health insurance for most insurers. The industry takes advantage a market of over 10,000 baby boomers growing older every day in the Medicare population.

UnitedHealth ended the year 2018 with 4.9 million enrolled in the Medicare Advantage program, up 11.6% $ 4.4 million at the end of 2017. This is a little more than the record growth expected by Medicare and Medicaid (CMS) service centers for Medicare Advantage last fall. "We have completed a good season of Medicare Advantage membership last month and are on track to achieve 2019 growth in the expected range of 400,000 to 450,000," said Steve Nelson, CEO of UnitedHealthcare , to insurers, in the morning. discuss income.

Medicare Advantage plans to enter into a contract with the federal government to provide additional benefits and services to seniors, such as disease management hotlines and nurse assistants, some of whom even offer vision care programs dental and well-being. CMS is amending its regulations to allow Medicare Advantage plans to expand coverage in the future, which should also increase enrollment.

"The UnitedHealth performance report bodes well for other MA plans, particularly for Aetna and Anthem, who have significantly expanded their geographic footprint and their benefit pack offerings in 2019," said L.E.K. Of consultation Andrew Kadar. L.E.K. According to forecasts, the number of Medicare Advantage registrations is expected to reach 38 million, a market penetration of 50% by the end of 2025.

Last fall, CMS screened The number of Medicare Advantage registrations would reach an "all-time record" in 2019 with 22.6 million Medicare beneficiaries. This forecast represented an increase of 2.4 million, an overall increase of 11.5% over the 20.2 million, CMS said last fall.

If the CMS forecasts were valid, UnitedHealth would account for nearly 22% of the Medicare Advantage market. CMS has not yet released any definitive figures by the end of last year and latest agency registration figures for 2019 run only until December 7th.

CVS Health Insurance Companies Aetna, Humana, Anthem, Centene, Cigna and Emerging Startups such as Medicare Advantage Still Have Not Announced Fourth Quarter Results Brilliant health and Dedicated health. Blue Cross and Blue Shield plans have also expanded into new regions to sell to more potential Medicare Advantage customers.

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United Healthcare's correspondence is seen in North Andover, Massachusetts, in this archival photo of July 15, 2018. (AP Photo / Elise Amendola) ASSOCIATED PRESS

The strong increase in the number of seniors joining the UnitedHealth Group's Medicare Advantage plans may also be a good sign for rivals in the sale of government-sponsored private health insurance for people aged 65 and over .

Like the first large health insurer reporting its income for 2018 this year, UnitedHealth Tuesday was the first to reveal the growth of its Medicare Advantage business, the fastest growing form of health insurance for most insurers. The industry operates every day more than 10,000 baby boomers in the Medicare population market.

UnitedHealth ended the year 2018 with 4.9 million enrolled in the Medicare Advantage program, up 11.6% $ 4.4 million at the end of 2017. This is a little more than the record growth expected by Medicare and Medicaid (CMS) service centers for Medicare Advantage last fall. "We have completed a good season of Medicare Advantage membership last month and are on track to achieve 2019 growth in the expected range of 400,000 to 450,000," said Steve Nelson, CEO of UnitedHealthcare , to insurers, in the morning. discuss income.

Medicare Advantage plans to enter into a contract with the federal government to provide additional benefits and services to seniors, such as disease management hotlines and nurse assistants, some of whom even offer vision care programs dental and well-being. CMS is amending its regulations to allow Medicare Advantage plans to expand coverage in the future, which should also increase enrollment.

"The UnitedHealth performance report bodes well for other MA plans, particularly for Aetna and Anthem, who have significantly expanded their geographic footprint and their benefit pack offerings in 2019," said L.E.K. Of consultation Andrew Kadar. L.E.K. According to forecasts, the number of Medicare Advantage registrations is expected to reach 38 million, a market penetration of 50% by the end of 2025.

Last fall, CMS screened The number of Medicare Advantage registrations would reach an "all-time record" in 2019 with 22.6 million Medicare beneficiaries. This forecast represented an increase of 2.4 million, an overall increase of 11.5% over the 20.2 million, CMS said last fall.

If the CMS forecasts were valid, UnitedHealth would account for nearly 22% of the Medicare Advantage market. CMS has not yet released any definitive figures by the end of last year and latest agency registration figures for 2019 run only until December 7th.

CVS Health Insurance Companies Aetna, Humana, Anthem, Centene, Cigna and Emerging Startups such as Medicare Advantage Still Have Not Announced Fourth Quarter Results Brilliant health and Dedicated health. Blue Cross and Blue Shield plans have also expanded into new regions to sell to more potential Medicare Advantage customers.