Mark Farrah Associates Evaluated Medicare Advantage and PDP Market Penetration and Performance

MCMURRAY, Pa.–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, assessed Medicare Advantage (MA), including Medicare Advantage with Prescription Drug Plan (MA-PD) and Prescription Drug Plan (PDP) performance, market share and market penetration by state as of March 1, 2023. Total MA membership exceeded 31.7 million and Medicare stand-alone PDPs covered over 22.5 million members. Key highlights include:

“Nearly 80 Percent of Medicare Advantage Enrollees Covered by 10 Insurers”

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• The top ten carriers covered nearly 80% of all MA enrollees, with UnitedHealth remaining the market share leader.
• Texas experienced the most sizeable year-over-year increase of over 198,000 MA members.
• Stand-alone PDPs continued to see a significant decrease of approximately 911,000 enrollees between March 1, 2022 and March 1,...

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