Over the past two decades, MA enrollment has grown substantially, increasing from 6.6M in 2000 to over 32.8M in 2024. MA enrollment now represents 54% of all Medicare enrollment and is expected to increase to 64% by 2034. MA payments totaled $393B in 2022, and spending is projected to grow 99.4% from 2023 to 2031, as compared to a projected 56.4% increase in spending for Traditional Medicare. The projected growth in enrollment and spending, coupled with reports of excessive MA healthcare utilization and declining financial performance for MA plans, underscores the need to analyze utilization patterns by care setting.
Read the full article: Medicare Advantage Utilization Remained Relatively Flat from 2022 to 2023, While Utilization by Care Setting Was Variable //
Source: https://www.trillianthealth.com/market-research/studies/medicare-advantage-utilization-and-enrollment-trends-from-2022-to-2023