Medicare Advantage growth has been rapid. The share of Medicare-eligible individuals in Medicare Advantage plans escalated from 31.5% to 48.2% over the past eight years. Half of this population is now enrolled in Medicare in 2024.
This trend is expected to continue. Experts projected that Medicare Advantage enrollment would swell from 52.2% of total Medicare enrollment in 2025 to 57.1% in 2033. That is good news for payers who have invested in Medicare Advantage plans. ARTICLE