What We Learned
This year, we saw several interesting data trends.
Nationally, the MA market grew during the OE period. Anecdotally, we had heard and experienced this with the emphasis around MA. However, to put numbers to the trend, in December 2019, MA enrollment stood at 23,230,004 beneficiaries. When comparing this to December 2018, this was an increase of 7.75%. With that strong growth in mind, it is no surprise that the overall MA market continued to expand to a level of 24,229,585 beneficiaries in January of 2020, representing a 4.3% growth rate at the end of the OE period. January 2020 is the first month in which the new OE beneficiaries are reflected in the enrollment counts.
California, Florida, and Texas have the highest Medicare Advantage raw enrollment numbers. Starting with a more obvious take away, California leads with a total January 2020 MA enrollment of 2,834,366. However, this was only a growth of 1.56% during OE. Florida on the other hand has a total MA enrollment of 2,206,937 with a 3.23% growth rate. Lastly, Texas has a total of 1,756,884 MA enrollees with an OE growth rate of 4.08%. For our members, when taken assessed in tandem with some of our other data, this helps to shed light on if the market is MA saturated or can sustain additional plans.
Eight states or territories lead the nation with an OE growth rate of over ~10%. It is no surprise that these states range in scale of beneficiary enrollment. Of these eight regions, Michigan leads the way with the highest overall beneficiary enrollment of 969,643 in January of 2020. Additionally, it is important to note that Kansas crossed the 100,000 beneficiary enrollment threshold.