Chartis, a comprehensive healthcare advisory firm, has announced the release of its annual 2024 Medicare Advantage competitive enrollment report. This year’s edition of the report shows that despite strong enrollment gains, market growth appears to be slowing. The Medicare Advantage market grew by 1.7 million beneficiaries (+5.4%) in 2023, slowing down from the record growth of 2.7 million (+9.4%) in 2022. This ongoing enrollment growth is fueled by an increasing senior market but is overshadowed by regulatory pressures, declining quality scores, and rising medical costs. Notably, for-profit carriers like United, Humana, and Aetna collectively captured 1.4 million new members, representing 86% of the market’s growth in the past year.
Read the full article: Despite Slowing Growth and Regulatory Headwinds, Medicare Advantage Enrollment Remains Strong and Outlook Positive //
Source: https://www.prnewswire.com/news-releases/despite-slowing-growth-and-regulatory-headwinds-medicare-advantage-enrollment-remains-strong-and-outlook-positive-302079394.html