In a report published July 11, analysts predict Medicare Advantage growth to slow, from 8 percent growth in 2022 to just 3 percent growth in 2031.
Around 50 percent of Medicare eligibles in urban areas are enrolled in MA. This rate will slow over the next few years, reaching 56 percent by 2031, analysts predicted.
Around 41 percent of rural Medicare eligibles are enrolled in MA. McKinsey analysts predict this number will reach 50 percent in 2031.
“As growth slows in historically strong and currently penetrated (primarily urban) markets, payers will seek to build the networks and capabilities to grow in historically less penetrated markets, such as those with large rural populations,” McKinsey analysts wrote.
Read the full report here.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
