- The U.S. Centers for Medicare and Medicaid Services (CMS) announces that Medicare Advantage premiums should drop ~23% compared to 2018 while plan choices, benefits and enrollment continue to grow, adding that average monthly premium will be lowest in the past 13 years for 2020 enrollees.
- The average cost/month for beneficiaries next year should be ~$23.00 compared to ~$26.87 in 2019.
- Medicare Advantage is the delivery of Medicare Part A & B services by private insurers under federal contracts.
- Selected tickers: UnitedHealth Group (UNH), Anthem (ANTM +0.3%), Cigna (CI +0.2%), Centene (CNC +0.2%), CVS Health (CVS +0.2%), Molina Healthcare (MOH +1%), WellCare Health Plans (WCG +0.6%), Humana (NYSE:HUM)
Date: September 26, 2019
Source: Seeking Alpha