2024 Lookback: Payers Regroup After Turbulent Year for Medicare Advantage

Jan 02
Jan 02, 2025

Medicare Advantage enrollment topped 34 million in 2024, according to AIS’s Directory of Health Plans (DHP), but the year will stand out as a tough one in the industry’s history. Higher-than-expected pandemic rebound utilization caused financial chaos for insurers with hefty MA segments, while Star Ratings changes sparked legal battles with CMS — several of which are still ongoing. Amid those challenges, many insurers saw slower-than-usual growth during 2024’s Annual Election Period and Open Enrollment Period, with CVS Health Corp.’s Aetna and fast-growing insurtechs standing out as notable exceptions. See DHP’s year-end enrollment wrap-up in the chart below and compare with 2023 and 2022’s numbers. Click on the bubbles for insights on key happenings for select insurers. Read more
© 2025 MMIT