Health Evolution July 10, 2023
There’s been enormous growth in Medicare Advantage (MA). A Kaiser Family Foundation analysis of CMS data shows that, as of January 2023, 30.19 million of the 59.82 million people enrolled in Medicare, or about 50%, were enrolled in a private MA plan. That’s up from about 37% in 2018, the analysis found.
As MA has grown in popularity among Medicare enrollees, the program also has become a robust source of revenue for health plans. According to the Kaiser Family Foundation, health insurers’ margins in the MA market were more than twice as high as their margins on other lines of business in 2021, with gross margins in the MA market averaging $1,730 per enrollee that year.
Some groups...
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