Wednesday, June 21, 2023

Medicare Advantage Market Share by Region

Medicare Advantage (MA) Plans can be a great value compared to traditional Medicare, thanks to added benefits and typically lower premium costs.  Managed care cost control protocols notwithstanding, Medicare-eligible seniors continue to gravitate to the better value MA plans offer.  In roughly more than 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 growing popularity of Medicare Advantage plans nationally is mirrored in every region of the U.S.  Here is a more detailed breakdown of Medicare Advantage market share by region (for state-by-state details, follow the "region" link in the table below):

Medicare Advantage Market Share by Region

Medicare Eligible (1) MA Enrollment (1) % MA Market Share
Region May-23 Oct-16 May-23 Oct-16 May-23 Oct-16
FrWest 10,100.1 8,679.3 4,954.8 3,286.1 49.1% 37.9%
GLakes 9,604.2 8,553.3 4,647.9 2,469.4 48.4% 28.9%
MidEst 9,828.7 8,804.9 4,367.8 2,639.5 44.4% 30.0%
NwEng 3,236.3 2,828.4 1,305.9 608.8 40.3% 21.5%
Plains 4,348.0 3,814.1 1,802.7 722.0 41.5% 18.9%
Rockies 2,200.1 1,792.5 985.3 536.0 44.8% 29.9%
SE 17,985.3 15,539.5 9,049.7 4,774.8 50.3% 30.7%
SW 7,261.9 6,050.2 3,595.5 1,879.8 49.5% 31.1%
Total(2) 65,390.9 56,888.7 31,362.0 17,489.5 48.0% 30.7%

(1) in thousands
(2) includes U.S. territories

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