2024 Lookback: Payers Regroup After Turbulent Year for Medicare Advantage
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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
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