Becker's Healthcare October 2, 2023
With bipartisan support in Congress and a record number of plans offered nationwide, Medicare Advantage is growing fast, diversifying its members and driving senior care costs down, according to the Better Medicare Alliance’s 2023 “State of Medicare Advantage Report.”
The annual report released Sept. 28 is a compilation of the latest MA research and data that provides insight into the program’s demographics, enrollment trends, benefits and health outcomes.
12 key takeaways:
- Medicare Advantage total enrollment is expected to be 33.8 million in 2024, representing more than half of the Medicare population. In 2023, total MA enrollees is over 31 million.
- There are 3,998 MA plans being offered in 2023, a six percent increase from 2022. The average beneficiary...
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