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Medicare Market Insights
and Plan Competition for 2023
October 24, 2022
Medicare Advantage (MA) plans currently provide medical
coverage for nearly 30.2 million beneficiaries, as of October 2022. While
MA market penetration is strong, there is still ample opportunity for
growth in this segment, with approximately 47% of the 64.7 million people
eligible for Medicare enrolled in MA plans. This
brief presents a snapshot of the 2023 Medicare Advantage market with
insights from the Centers for Medicare and Medicaid Services (CMS)
Medicare Landscape reports.
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