Key Takeaways
- Stand-alone prescription drug plan did not see a rush of customers move to Medicare Advantage Prescription Drug plans between 2024 and 2025, despite expectations.
- Total PDP membership was largely flat, in part because of the Biden Administration’s Part D premium stabilization demonstration.
- Wellcare now has the largest share of PDP enrollment, but the top five carriers account for 95% of the individual PDP membership.
In defiance of some industry watchers’ expectations, no mass exodus from stand-alone Prescription Drug Plans (PDPs) to Medicare Advantage Prescription Drug (MA-PD) plans was observed between 2024 and 2025.
“Total enrollment was effectively flat from December [20]24 to February 2025,” said Brooks Conway, principal with Oliver Wyman. “That’s a little bit at odds with what some might have expected.”
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