Medicare Part D Enrollment and Costs for 2023
A recent KFF brief found that, in 2023, more than half of people with Medicare Part D coverage are enrolled in a Medicare Advantage Plan that has a Part D prescription drug coverage benefit (MA-PD plans), and that enrollment in these plans continues to outpace enrollment in standalone Medicare Part D (PDP) plans. Enrollment in MA-PD plans grew by 47 percent between 2019 and 2023 while PDP enrollment fell by 12 percent. The top three Medicare Advantage programs (UnitedHealth, CVS Health and Humana) enrolled 60 percent of Medicare Part D enrollees in 2022 and 2023.
This item is posted for the Aging and Disability Business Institute.
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