Becker's Healthcare March 8, 2024
Medicare Advantage continues to see unprecedented enrollment growth, but not for everyone.
As of February, a record 33 million people are enrolled in a Medicare Advantage plan. For-profit payers account for nearly three-quarters of that enrollment, while health system-owned MA plans continue to lose market share, according to a March 5 analysis from Chartis.
Though health system-owned MA enrollment has grown overall recently, it has underperformed with respect to the largest payers and currently makes up 13% of the MA market, compared to 17% in 2019.
“The continued erosion of provider-sponsored health plan membership in Medicare Advantage means that these plans are missing out on the nation’s largest growth segment and are likely not capturing the full value of...
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