The Wall Street Journal published on May 22 that number of people who have Medicare supplemental insurance has now reached the 10 million mark. The count was determined by a new Healthcare Business Strategy report released by Mark Farrah Associates.
According to MFA’s report, Medicare Supplement (also referred to as Medigap or Med Supp) plans earned $22.258 billion in premiums and incurred $17.405 billion in claims during 2012, increases of 3.9% and 1.6% over 2011, respectively. Between 2011 and 2012, enrollment in Medicare Supplement plans increased by close to 200,000 covered lives. To read the full article please click here.