Mark Farrah Associates Observes Growth in Health Plan Enrollment
KENNEBUNK, Maine--(BUSINESS WIRE)--Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions, is analyzing 2011 enrollment and financial data to identify important industry shifts and trends using the Health Coverage Portal™.
Approximately 750 health plans have already filed annual financial statements, a key source of market intelligence for the industry, and approximately 100 more are expected to file by April 1, 2012. Early results reveal several plans experienced significant growth in the under-65 Individual, Non-group segment. Initial reporting also indicates Medicare Supplement plans held their own in 2011.
Many plans reported at least moderate Commercial Risk enrollment growth from the 3rd to the 4th quarter 2011. However, preliminary results revealed aggregate enrollment in this segment may still lag behind year-end 2010 results industry-wide.
In April, MFA will refresh Health Coverage Portal™ datasets. In addition to comprehensive market share assessments, the industry is anxiously awaiting insights from the Supplemental Health Care Exhibit due to regulators by April 1st. Private, commercial segment financials from this exhibit will provide the basis for plan reporting of medical loss ratios to the U.S. Department of Health & Human Services.
Health Coverage Portal™ gives you 24/7 access to financials, enrollment and industry ratios for more than 1,000 Health plans across 50 states. It is consistently updated and refreshed to deliver the most current information available, providing unsurpassed analytic support and reliable data, giving your company a competitive advantage.
To learn more contact Mark Farrah Associates at 207-985-8484 or visit 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™.
Mark Farrah Associates
Ann Marie Wolfe, 207-985-8484