Medicare PDP Enrollment Covers over 25 Million Members

3/30/2017
by Mark Farrah Associates

Medicare stand-alone prescription drug plans (PDPs) covered 25.1 million members as of March 1, 2017. With an aggregate gain of 1.8% net enrollees between March 2016 and March 2017, PDP growth is down from the 624,000 (2.6%) net enrollees gained between March 2015 and March 2016. Ten companies have greater than 300,000 members and command 93% of the PDP market. Six of these plans control 87% of the market covering 1 million members or more. While CVS Caremark covers the largest number of people in PDPs, Humana saw the most significant increase in PDP enrollment, with a gain of 367,000 people between March 2016 and March 2017.

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