Hospice News September 30, 2024
Growth in the number of Medicare Advantage beneficiaries will likely overtake that for traditional Medicare in 2025, according to new estimates from the U.S. Centers for Medicare & Medicaid Services (CMS).
The agency projects that total MA enrollment will reach 35.7 million people following the open enrollment period slated to begin later this month, representing 51% of all Medicare beneficiaries. This is up from 34.3 million as of September 2024.
“This implies expected low-to-mid single digit MA market growth relative to current enrollment. Importantly, the MA market should still likely grow as fast (or faster) than the overall Medicare market even as products and footprints are adjusted to reflect ongoing MA margin pressures,” Scott Fidel, analyst for Stephens, indicated in...
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