The Medicare Advantage market is undergoing a period of correction after rapid growth in the early part of the decade. Last year showed the first signs of a tempering of this growth, and the cooldown continued into this year. Prior to the annual enrollment period (AEP), many for-profits signaled their intent to slow growth or even contract membership in response to a “perfect storm” of pressures. AEP results show a variety of health plans were beneficiaries of the resulting displaced enrollment. As health plan leaders look ahead, the forecast for Medicare Advantage points to continued growth and favorable economics compared to other market segments.
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Source: https://www.chartis.com/insights/medicare-advantage-market-growth-slows-amid-intensified-headwinds