MCMURRAY, Pa.--(BUSINESS WIRE)--In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), www.markfarrah.com assessed Mid-year, 2Q18 Medicaid market trends with insights about health plan competition. More and more states are either considering expanding their Medicaid programs or are increasingly relying on Medicaid Managed care programs to control costs and improve access to quality health care. Year-over-year enrollment trends among the top managed care plans showed mixed results by company.
- According to the Centers for Medicare and Medicaid Services (CMS), total Medicaid and Children’s Health Insurance Program (CHIP) enrollment was 73.8 million as of June 30, 2018. This represents an approximate 500,000 decrease in covered lives from June 2017.
- As of June 30, 2018, total Medicaid managed care membership reported through NAIC (National Association of Insurance Commissioners) and CA DMHC (California Department of Managed Health Care) statutory filings was 49.4 million.
- Out of the top five managed care companies – Anthem and Molina saw year-over-year decreases in enrollment, whereas Centene, UnitedHealth and Wellcare experienced increases. These top five companies control 45% of the overall Medicaid managed care market.
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™, and Health Plans USA™.
Market analysts throughout the industry rely on enrollment data and segment performance metrics to gain better insights into health plan market share and competitive positioning. Mark Farrah Associates maintains financial data as well as enrollment and market share for the health insurance industry in its subscription-based Health Coverage Portal™. MFA will continue to monitor enrollment changes and competitive shifts across all healthcare segments.