Oliver Wyman October 24, 2024
Benefit changes will affect millions of Medicare Advantage members in 2025. Insurers need to evaluate the landscape as preparations begin for 2026 bids.
Editor’s note: This is the second article in a series analyzing changes to Medicare Advantage plans for 2025. The first article examined plan closures and exits from markets around the country. This series explores what disruption to the Medicare Advantage market means for insurers going forward.
Significant shifts in Medicare Advantage market dynamics are creating concerns for insurers for 2025 and beyond. Those shifts resulted in several carriers discontinuing products or exiting markets entirely for 2025, requiring more than 1.8 million individual, non-SNP Medicare Advantage members — approximately 9% of all enrollees from 2024 — to choose...
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