Enrollment in Medicare Advantage plans has dramatically increased in the five years since payments to such plans were cut to help offset the cost of the Affordable Care Act, according to a report from The New York Times.
Here are three things to know about the enrollment surge.
1. Five years after payments were cut to Medicare Advantage plans, enrollment in private insurance plans through Medicare has gone up more than 50 percent, according to the report.
2. In total, more than 17 million people are now enrolled in Medicare Advantage plans, compared to less than 11 million in 2010, when Congress passed the ACA, The New York Times reports.
3. These numbers are in stark contrast to expectations from experts and Republican lawmakers. According to the report, insurers and Republicans believed the cuts — about $150 billion over a decade — would ruin private Medicare options, while the Congressional Budget Office predicted enrollment would fall about 30 percent.
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