With typically lower costs and extra benefits, Medicare Advantage (MA) Plans provide a most compelling value proposition in comparison to traditional Medicare coverage. Despite employing managed care protocols to control costs, the value appeal of MA plans has drawn more and more Medicare-eligible seniors away from traditional Medicare. In the span of just six-and-one-half years, from October 2016 through May 2023, the market share of MA plans across the U.S. has grown from under 31% of Medicare-eligible Americans to 48%.
The increasing popularity of Medicare Advantage plans nationally is mirrored in the Mid-East section of the U.S., where MA plan enrollment has grown from a 30.0% share of the Medicare-eligible market in October 2016 to a 44.4% market share as of May 2023. Here is a state-by-state look at how Medicare Advantage market share in the Mid-East states has grown from October 2016 to May 2023:
 |
Medicare Advantage Market Share in the Mid-East States |
| Medicare Eligible (1) | MA Enrollment (1) | % MA Market Share | ||||||
|---|---|---|---|---|---|---|---|---|
| Area | May-23 | Oct-16 | May-23 | Oct-16 | May-23 | Oct-16 | ||
| DC | 95.5 | 90.5 | 29.7 | 7.1 | 31.1% | 7.8% | ||
| DE | 233.9 | 186.8 | 69.5 | 17.0 | 29.7% | 9.1% | ||
| MD | 1,110.0 | 964.8 | 240.5 | 53.3 | 21.7% | 5.5% | ||
| NJ | 1,708.8 | 1,532.2 | 664.1 | 254.3 | 38.9% | 16.6% | ||
| NY | 3,806.3 | 3,432.4 | 1,901.3 | 1,276.4 | 50.0% | 37.2% | ||
| PA | 2,874.2 | 2,598.2 | 1,462.6 | 1,031.3 | 50.9% | 39.7% | ||
| Region | 9,828.7 | 8,804.9 | 4,367.8 | 2,639.5 | 44.4% | 30.0% | ||
| Total(2) | 65,390.9 | 56,888.7 | 31,362.0 | 17,489.5 | 48.0% | 30.7% | ||
