MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), www.markfarrah.com, released a year-end 2020 health insurance segment enrollment update. MFA compared membership between 4th quarter 2019 with 4th quarter 2020 to provide greater insight into enrollment trends for the Individual, Group, Medicare Advantage, and Medicaid insurance segments.
“Year-Over-Year Health Insurance Enrollment Trends Amidst a Pandemic-Era”Tweet this
As of December 31, 2020, approximately 296 million people received medical coverage from U.S. health insurers. This number is up from 288 million, or approximately 7.4 million additional members, from a year ago. Between 4Q19 and 4Q20, membership growth was significant in Medicare Advantage as this segment gained approximately 2 million more members, year-over-year. In addition, the individual health insurance market and Medicaid also experienced marked membership increases. The Employer-group ASO (administrative services only for self-funded plans) and Employer-group risk segments continued to demonstrate year-over-year enrollment decreases.
To read the full text of "Year-Over-Year Health Insurance Enrollment Trends Amidst a Pandemic-Era", 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: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!
Also, for the latest insights about health plan enrollment trends and financial performance, visit the FREE MFA Healthcare Business Strategy Briefs on the MFA website.
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