Mark Farrah Associates (MFA), www.markfarrah.com, examined trends in membership, claims incurred PMPM (per member per month), adjusted premium PMPM, and MLR (Medical Loss Ratio) for the Individual and Small Group comprehensive segment leaders. Based on an analysis of the National Association of Insurance Commissioners’ (NAIC) Supplemental Health Care Exhibit (SHCE), MFA reported improvements in profitability for 2018.
- Profitability in the Individual segment jumped in 2018, reporting an aggregate underwriting gain of over $7.9 billion, with approximately 73% of plans reporting underwriting gains in 2018.
- Small Group segment profitability grew 22.5% between 2017 and 2018, even with a 3.0% decline in enrollment.
- Declines in individual and group health insurance enrollment continued in 2018.
To read the FREE full text of “Profitability Increases for the Individual and Small Group Health Insurance Markets in 2018“, visit the Analysis Briefs library on Mark Farrah Associates’ website.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include Medicare Business Online™, Medicare Benefits Analyzer™, Health Coverage Portal™, County Health Coverage™, and Health Plans USA™. Mark Farrah Associates maintains financial data as well as enrollment and market share for the health insurance industry in its subscription-based Health Coverage Portal™. MFA will continue to monitor enrollment changes and competitive shifts across all healthcare segments.