Healthcare Finance News March 6, 2024
The MA market grew by 1.7M beneficiaries in 2023, slowing down from the record growth of 2.7M in 2022.
Despite strong enrollment gains, market growth for Medicare Advantage seems to be slowing, according to the 2024 Medicare Advantage competitive enrollment report released by Chartis and HealthScape Advisors.
The Medicare Advantage market grew by 1.7 million beneficiaries (5.4%) in 2023, slowing down from the record growth of 2.7 million (9.4%) in 2022, the report found. This ongoing enrollment growth is fueled by an increasing senior market but is overshadowed by regulatory pressures, declining quality scores and rising medical costs.
For-profit carriers such as UnitedHealthcare, Humana and Aetna collectively captured 1.4 million new members, representing 86% of the market’s growth in the...
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