HealthLeaders Media March 31, 2023
Medicare Advantage (MA) growth was led by United and Humana, while nonprofit insurers lagged behind.
KEY TAKEAWAYS
The Chartis Group analyzed Medicare Advantage and Medicare data from CMS to track enrollment performance in 2023.
Medicare Advantage grew 9.5% by adding a record 2.7 million members, while traditional Medicare lost 1.3 million beneficiaries.
For-profit payers drove the MA surge, with United and Humana accounting for 44% and 21% of the growth, respectively.
MA experienced record enrollment for the 2023 plan year as for-profit payers continued to grab a greater market share, according to analysis by The Chartis Group.
The healthcare consulting firm examined MA and Medicare data from CMS between January 2019 and January 2023 and...
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