Psychiatrists Scarce With Medicare Advantage Plan

Published on July 10, 2023

It’s like being a kid in a candy store with no candy! New research is showing that U.S. seniors who rely on Medicare Advantage plans may be having a tough time finding a psychiatrist. It’s like going to a fancy restaurant and finding out they’ve run out of food. Even though there is a growing need for mental health services, nearly two-thirds of Medicare Advantage networks have less than 25% of psychiatrists offering their services. It’s like trying to find a needle in a haystack! The shortage of psychiatrists could mean that seniors are not getting the mental health care they need, which can have serious consequences. It’s like being stranded on an island with no way to call for help. To address this issue, it is crucial to increase the number of psychiatrists participating in Medicare Advantage networks. This could involve providing incentives for psychiatrists to join these networks or increasing the reimbursement rates for mental health services. Let’s work together to ensure that all seniors have access to the mental health care they deserve!

U.S. seniors with mental health needs may not have much access to psychiatrists who could help them, new research shows. Despite an overall heightened demand for mental health services, nearly two-thirds of Medicare Advantage psychiatrist networks included less than 25% of…

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