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Story summary
- Older Americans face higher costs as consumer prices have risen more than 25% since Covid.
- Centers for Medicare and Medicaid Services (CMS) proposed a 2027 Medicare Advantage rate update that could raise costs.
- Medicare Advantage serves over 35 million seniors and offers predictable costs and additional benefits relative to traditional Medicare.
- If funding remains unchanged, premiums could rise and benefits could decline, according to CMS research.
