Enrollment in Medicare Advantage continues to grow despite steep funding cuts in recent years.
At least 15.4 million individuals will be enrolled in private Medicare plans this year, up from 14.6 million in 2013, according to a new analysis of enrollment files by Avalere Health. That's an increase of 5.5%, continuing a trend of robust growth in Medicare Advantage enrollees in recent years. Nearly 30% of all Medicare beneficiaries are now covered through private plans.
The Patient Protection and Affordable Care Act included $136 billion in direct cuts to Medicare Advantage, and an additional $70 billion in indirect cuts, according to the Congressional Budget Office (PDF). That was expected to result in 4.8 million fewer enrollments in private Medicare plans by 2019, the CBO estimated.