February 21, 2024
The 5 leading commercial risk health insurers by market share have represented an average of 45% of the total commercial risk market over the past 5 years. Commercial risk is composed of Individual, Group fully insured business, and the Federal Employee Health Benefits Program. This market increased to 72.2 million enrollees as of September 30, 2023, after declining between 3Q19 and 3Q22. Additionally, the leading healthcare insurers each experienced membership changes that resulted in variations of market share.
About the Data
The data used in this analysis brief was obtained from Mark Farrah Associates' Health Coverage Portal™ database. It is important to note Individual, non-group membership, reported by some carriers may include CHIP (Children’s Health Insurance Program). Findings reflect enrollment reported by carriers with business in the U.S. and U.S. territories. Data sources include the NAIC (National Association of Insurance Commissioners), and the CA DMHC (California Department of Managed Health Care).
About Mark Farrah Associates (MFA)
Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Medicare Business Online™, Medicare Benefits Analyzer™, 5500 Employer Health PLUS, and Health Plans USA™. For more information about these products, refer to the informational videos and brochures, available under the Our Products section of the website (www.markfarrah.com) or call 724-338-4100.
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