Report Shows the Growth of Medicare Advantage Plans is Decelerating
A recently published report indicates that the rate at which Medicare Advantage plans are growing is slowing down. The report was authored by HealthScape Advisors, a consulting company, together with Chartis, a healthcare advisory company. The report says the Medicare Advantage (MA) market is experiencing a correction following the explosive growth the segment experienced over the past four years. Data shows that people enrolled in MA plans increased by 3.9% (1.3 million enrollees) last year. This is in contrast to the 7% rate of growth registered in 2023, which was also a reduction from the growth rate of 9.4% recorded…