Mark Farrah Associates (MFA), www.markfarrah.com, reviewed final year-end 2022 enrollment mix and financial metrics for the top 5 health plans. UnitedHealth, Elevance Inc., CVS Health, Centene, and Health Care Service Corp. (HCSC) insured 43% Americans in the commercial, Medicare and Medicaid markets. Key takeaways include:
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For 2022, leading health carriers comprised 38% for the commercial market and 22% for government lines.
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During the period, UnitedHealthcare and Elevance were the market leaders with $188.1 billion and $124.1 billion in revenue, respectively.
- CVS, Centene, and HCSC all reported favorable membership and financial metrics, with Centene achieving the highest revenue of the three plans, primarily stemming from its state Medicaid business.
Insights for this analysis were gleaned from MFA’s online database tool, Health Plans USA™, an analytics tool for comparing market mix, market share and financial information about health plans, nationwide. In addition, MFA is excited to announce that annual 2023 data will be complete in early April!
About Health Plans USA™
Health Plans USA™ is a practical, low-cost tool for companies looking for a nationwide overview of the health insurance industry, including market share and general financial data for health plans nationwide. This online database gives you access to annual enrollment, revenue and expenses for Commercial Risk, ASO, Medicare and Medicaid plans. It includes company contact information for sales and marketing outreach, company snapshots offering a quick review of each health plan, and a user-friendly web table design with easy-to-navigate tables and download to Excel capability.
To read the FREE full text of "Top Insurers’ Financial Metrics and Membership Mix", 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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Contacts
Mark Farrah Associates
Ann Marie Wolfe, amwolfe@markfarrah.com
