Mark Farrah Associates Finds Health Plan Revenue Continues to Shift from Commercial
KENNEBUNK, Maine--(BUSINESS WIRE)--Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions, observed a significant shift in health insurers' revenues from commercial to government sources between 2006 and 2011. In a recent analysis of health plan data from the National Association of Insurance Commissioners (NAIC), MFA found comprehensive commercial coverage as a percentage of total revenues has fallen from 59% in 2006 to 47% in 2011. Managed Medicare products now account for 22% of health plan total revenues, up from 16% in 2006. Revenue from state Medicaid programs also grew as a percentage of total revenues from 10% in 2006 to 16% in 2011.
Aggregate revenues reported by U.S. health plans totaled $408.9 billion for 2011, up from $386.0 billion in 2010, or 5.9%. During the same period combined medical expenses increased 5.8% and the average number of people covered grew 1.1%.
To read the full text of "Health Plans Continue to See Revenue Shift Away from Commercial," visit the Healthcare Business Strategy library on Mark Farrah Associates' website www.markfarrah.com. This study excludes California managed care plans who do not file data with the NAIC, and Life, Accident & Health companies; and Property & Casualty insurers who offer medical insurance but do not file a health statement.
Mark Farrah Associates' Health Coverage Portal™ includes features that enables subscribers to analyze health plans' sources of revenues and expenses by multiple lines of business such as comprehensive health, dental and/or vision. "Operations by Lines of Business" allows users to filter by parent, plan and domicile and then select fields such as net premium income or emergency room and out-of-area expenses data based on their individual analysis criteria.
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™.
Mark Farrah Associates
Debra Donahue, 207-985-8484