Leading Health Plans Perform Well for First Half of 2011
KENNEBUNK, Maine--(BUSINESS WIRE)--For the first half of 2011 top health plans saw a combined net increase of over 2 million members from December 2010. While aggregated fully-insured business continued to experience losses, the administrative services only (ASO) segment gained over 2.6 million members during the period from December 2010 to June 2011. Commercial, Senior and Medicaid segments all saw enrollment growth during the first six months of 2011. As employers, consumers and government entities bear more of the medical costs and financial risks associated with health care, the leading health plans continue to see year-over-year profitability improvement.
Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions, found -- for the seven leading U.S. health insurers -- enrollment totaled 127.9 million as of June 30, 2011, up 2,036,150 people from 125.9 million at year end 2010. Three of the top companies cited enrollment gains across all three major business lines: Commercial, Senior and Medicaid.
Direct comparison of leading health plans' financial situations is difficult because they use diverse strategies to grow their respective businesses and operate with disparate business models. However, all of the top health plans saw improved profitability between 2Q10 and 2Q11.
In the latest Healthcare Business Strategy report, MFA reviewed enrollment and financial trends among seven top health insurers: Aetna, CIGNA, Health Care Service Corporation (HCSC), Humana, Kaiser Permanente, UnitedHealth Group and WellPoint. These seven organizations insure or administer coverage for approximately 50% of the population with health insurance in the United States and its territories. Membership data, financial statistics and observations were gleaned from the October 2011 Health Insurer Insight™ series.
To read the full text of "Top Health Plans Perform Well for First Half of 2011," visit the Healthcare Business Strategy library on Mark Farrah Associates' website www.markfarrah.com.
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 Health Coverage Portal™, Health Insurer Insights™, Medicare Business Online™, Medicare Benefits Analyzer™, Health Plans USA™ and the new County Health Coverage™, which offers population and health plan enrollment data by county nationwide.
Contacts:
Mark Farrah Associates
Debra Donahue, 207-985-8484