Report Indicates Medicare Advantage Enrollment Increasing
June 11—More than 1 million additional Medicare beneficiaries enrolled in Medicare Advantage plans in 2013, bringing the total number of enrollees to 14.4 million, according to a recent report from the Kaiser Family Foundation. The 9.7 percent increase in the number of enrollees runs contrary to concerns that the Affordable Care Act (ACA) would lessen Medicare Advantage plan enrollment.
The Kaiser report indicates that Medicare Advantage enrollment has increased by 30 percent since 2010 and has more than doubled since 2005. Enrollment growth has averaged approximately 10 percent annually since 2009.
The report furthers states that 28 percent of Medicare beneficiaries are enrolled in Medicare Advantage, although this number varies by state. For example, 49 percent of beneficiaries in Minnesota are enrolled versus three percent in Wyoming.
The Kaiser report provides an overview of Medicare Advantage enrollment patterns and examines variations by plan type, state, and firm. It also analyzes trends in premiums paid by plan beneficiaries, including variations by plan type.
Publication Date: Tuesday, June 11, 2013