Health insurers that offer Medicare Advantage plans to seniors cheered a Trump administration decision announced Monday to increase federal reimbursement rates by $25 billion next year, double previous estimates.

“It’s too early to say what the future holds for Medicare Advantage but Dr. Oz has been a vocal supporter of the program,” says Soistman, adding: “Medicare Advantage is burdened by significant regulations and we look forward to a period of positive change.”

An increase in the average reimbursement rate means insurers will receive more funding per Medicare Advantage plan recipient and the insurers that offer these plan