Three national insurers continue to dominate the Medicare Advantage landscape. That should serve as a wake-up call to other carriers to act quickly if they want to close the gap. In fact, Oliver Wyman sees opportunities for plans that, among other things, target specific populations and enrich their product offerings. That’s just one of the trends Oliver Wyman uncovered in an analysis of newly released enrollment data from the Centers for Medicare and Medicaid Services. While initial 2024 enrollment data was published in January, CMS’ February data release offers a cleaner look at the results. This article spotlights five key observations on this year’s individual MA growth and implications for the upcoming bid cycle.
Read the full article: 5 Trends Driving Medicare Advantage Enrollment in 2024 //
Source: https://www.oliverwyman.com/our-expertise/perspectives/health/2024/february/5-trends-driving-medicare-advantage-enrollment-in-2024.html