Healthcare Finance News February 22, 2023
This year, Medicare Advantage enrollment grew by just 1.5 million, below the pace set in previous years.
Medicare Advantage continues to grow, hitting record enrollment this year and increasing overall program participation by 5.5% while adding 1.5 million beneficiaries. But according to data from Chartis, the pace of this growth is slowing.
In 2020, 2021 and 2022, Medicare Advantage enrollment grew by 1.9 million, 2.2 million and 2.3 million beneficiaries, respectively. This year, Medicare Advantage enrollment grew by just 1.5 million. While that’s still significant growth, it does show evidence of a deceleration.
At the same time, original Medicare continues to decline, losing 339,000 enrollees this year – a significant but smaller loss than previous years. Special Needs Plans (SNP)...
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