The Kaiser Family Foundation summarized Medicare Advantage 2024 trends and updates in enrollment. Here are the main points:

• Enrollment Growth: In 2024, 32.8 million people are enrolled in Medicare Advantage plans, making up 54% of the eligible Medicare population.
• Plan Availability: The average Medicare beneficiary has access to 43 Medicare Advantage plans, the same as in 2023 but more than double the number in 2018.
• Demographics: Medicare Advantage enrolls a disproportionate share of people of color and an increasing number of dual-eligible beneficiaries.
• Financial Impact: Medicare Advantage plans receive payments from CMS that are 122% of the spending for similar beneficiaries in traditional Medicare, leading to an estimated $83 billion in higher spending in 2024.