KPMG, the U.S. audit, tax and advisory firm, conducted the survey among numerous top health plan executives and 175 U.S. residents.
Highlights from the survey are shown below.
1. The number of health plans that view Medicare Advantage as a “major part” of their market offerings decreased from 35 percent in 2011 to 24 percent in 2014, despite the growing interest and membership in the plan.
2. The Congressional Budget Office projects enrollment in Medicare Advantage will grow to 19 million by 2017, up from 16 million currently. The survey found two-thirds of people older than 64 who are considering enrolling in a Medicare Advantage plan are likely to do so this year.
3. According to the survey, two-thirds of current Medicare Advantage enrollees have at least one serious chronic condition, compared with 34 percent of those insured by traditional Medicare plans. This disparity will likely continue — more than half of those who reported they are likely to enroll in a Medicare Advantage plan in 2015 have a chronic condition.
4. More than three-fourths (77 percent) of Medicare Advantage enrollees with at least one chronic condition are satisfied with their health plan, while 66 percent of those with no chronic condition are satisfied.
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