CVS Health sees FY23 MA membership growth in LSD-MSD range

CVS expects its total Medicare Advantage membership growth to be in the low to mid-single digit percentage range in 2023. During the annual enrollment period for 2023, CVS said its Individual MA enrollment came in below expectations, "while we are growing strongly in the dual eligible special needs market and our Group MA product continues to resonate in the market place." CVS added: "For 2023, we expanded our individual public health insurance exchange footprint to 12 states, covering approximately 40% of all addressable lives. This expansion, combined with overall market growth and several market exits by competitors, has allowed us to add more than 700,000 new members through open enrollment this year, exceeding our expectations and bringing our total exchange membership to over 750,000."