KENNEBUNK, Maine--(BUSINESS WIRE)--Mark Farrah Associates (MFA), www.markfarrah.com, noted in its latest Healthcare Business Strategy report that most of the top health plans experienced enrollment gains coupled with favorable financial results for first quarter 2014.
MFA assessed enrollment changes and profitability for Aetna, Cigna, Health Care Service Corporation (HCSC), Humana, Kaiser Permanente, UnitedHealth Group and WellPoint. Membership data, financial statistics and observations were gleaned from the July 2014 Health Insurer Insights™ series, a Mark Farrah Associates™ publication. MFA reported six of the seven leading health plans in the United States realized net gains in the total number enrolled in Commercial, Medicare and Medicaid plans from 1st quarter 2013 to 1st quarter 2014. Aetna, Cigna, Health Care Service Corporation (HCSC), Humana, UnitedHealth and WellPoint all reported aggregate membership gains.
Membership trends of the leading health plans continue to reflect increases in both risk and ASO enrollment. As of March 2014, UnitedHealthcare enrolled more than 40 million medical members (excluding international business), a 7% year-over-year gain. WellPoint reported total membership of 37 million as of 1st quarter 2014, a 3% increase year-over-year. UnitedHealth saw a decline in total ASO membership while WellPoint experienced a decline in total risk enrollment. Profit margins were positive for six of the seven leading companies in early 2014. Collectively, these companies insure or administer health coverage for approximately 56% of the insured population in the United States. HCSC experienced an underwriting gain of $109 million, but due to a sizeable federal tax payment it was the only leader with a negative profit margin (-0.9%). Kaiser’s 1Q14 profit margin was 8% as the company reported a significant uptick in operating income while containing costs. Aetna’s 1Q14 profit margin was 5.4%, UnitedHealth’s results show 4.8% and WellPoint’s margin was 3.9%.
To read the full text of “Performance of Top Health Plans as of 1st Quarter 2014", visit the Analysis Briefs library on Mark Farrah Associates' website 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 Medicare Business Online™, Medicare Benefits Analyzer™ Health Coverage Portal™, County Health Coverage™, Health Insurer Insights™, and Health Plans USA™.