Mark Farrah Associates March 31, 2020
As of March 1, 2020, total Medicare Advantage (MA), including Medicare Advantage with Prescription Drug Plan (MA-PD) membership, stood at 24,750,719 with a net gain of 2,096,443 members from March 1, 2019. Medicare stand-alone prescription drug plans (PDPs) covered 25,194,944 members as of March 1, 2020, a net decrease of 364,857 from the previous year. This brief assesses Medicare Advantage and PDP performance, market share and market penetration by state as of March 1, 2020.
Medicare Advantage Membership
Medicare Advantage (MA) market penetration remains strong; however, there is still abundant opportunity for growth with only 36% of the 68.6 million people eligible for Medicare. According to CMS Medicare Advantage enrollment reports aggregated by MFA in Medicare Business Online™, total Medicare...
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