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Medicare Market Share

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Major insurers reduce Medicare Advantage plans amid rising premiums and access concerns

Originally Published 3 months ago — by MarketWatch

Featured image for Major insurers reduce Medicare Advantage plans amid rising premiums and access concerns
Source: MarketWatch

Medicare Advantage enrollment is expected to slightly decline in 2026, dropping from 34.9 million to 34 million, and its market share may decrease from 50% to 48%, due to rising costs and changing plan benefits, leading some seniors to opt for original Medicare instead. Despite this, experts believe the market will remain stable or grow in the long term, with continued access and slight plan reductions.