Report: Medicare Advantage Enrollment Sees Continued Growth, but at a Slower Rate

MedCity News February 23, 2023
Marissa Plescia

Enrollment in Medicare Advantage plans increased by 5.5% this year, or by 1.5 million beneficiaries, according to The Chartis Group. But in 2020, 2021 and 2022, enrollment rose by 1.9 million, 2.2 million and 2.3 million, respectively.

Medicare Advantage enrollment grew to 29.5 million people for the 2023 plan year, now representing 46% of total Medicare enrollment, according to a Tuesday report from The Chartis Group. However, enrollment is growing at a slightly slower rate than previous years.

Participation in Medicare Advantage plans increased by 5.5% this year, or by 1.5 million beneficiaries. But in 2020, 2021 and 2022, enrollment rose by 1.9 million, 2.2 million and 2.3 million, respectively.

“Tailwinds that have propelled Medicare Advantage popularity persist as...

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