Regional Medicare Advantage insurers shrink: 5 things to know

Becker's Healthcare December 9, 2024
Rylee Wilson

The share of local Medicare Advantage plans has shrunk since 2012, while national insurers have increased their market share, a study published in the December issue of Health Affairs found.

Here are five findings to note:

1. Non-Blue Cross Blue Shield regional insurers not affiliated with a health system accounted for 25% of the MA market in 2012. This percentage shrank to 6% by 2023.
2. The five largest national insurers grew their market share from 46% in 2012 to 66% in 2023.
3. The market shares of BCBS plans and integrated health-system plans remained stable between 2012 and...

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