The Medicare insurance industry faced significant changes in January 2024, with rising premiums, evolving coverage options, and ongoing regulatory updates. Beneficiaries saw increases in both Part B premiums and the Part D out-of-pocket threshold, while Medicare Advantage continued to expand its reach and offerings. Policy proposals raised concerns about potential benefit cuts, and a new risk adjustment model began its phased implementation.
January was a busy month for Medicare, with important developments impacting millions of Americans. As we move forward in 2024, it will be crucial to monitor the effects of these changes and advocate for policies that ensure affordable, high-quality healthcare for all Medicare beneficiaries.