MA, Cost, PACE, Demo and Prescription Drug Plan Contract Enrollment Report (August 2020)

Enrollment in Medicare Advantage plans reached 25.2 million enrollees as of the Aug. 1, 2020, payment date, according to new monthly summary data from CMS. The payment reflects enrollments accepted through July 10. In an Aug. 19 research note from Credit Suisse, securities analyst A.J. Rice observed that year-to-date (YTD) enrollment growth is 8%, beating the pace of the previous two years, which was 6.4% and 6.6%, respectively. “The five major MCOs (including CVS), which account for roughly 61.7% of total MA enrollments, have cumulatively grown 10.0% YTD vs. 4.9% YTD growth for the remaining MA plans,” he noted.

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