MCMURRAY, Pa.--(BUSINESS WIRE)--In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), www.markfarrah.com assessed Medicaid market trends with insights about health plan competition. According to CMS (Centers for Medicare and Medicaid Services), total Medicaid and CHIP (Children’s Health Insurance Program) enrollment was 72.9 million at year-end 2018. As states continue to face financial constraints and political uncertainties around Medicaid, many are increasingly considering Medicaid managed care programs to control costs and to improve access to quality health care for the Medicaid population.
- As of December 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 over 49.9 million. This represents a year-over-year increase of 476,738 members.
- Many of the top five managed care companies – Centene, Anthem, UnitedHealth, Molina and Wellcare – experienced enrollment decreases. These top five companies control 44% of the overall Medicaid Managed Care market.
- Among the leaders, Centene commanded 12% of the Medicaid market share, enrolling approximately 6.03 million members.
- Anthem and Wellcare were the only leaders to gain members between 2017 and 2018.
Note, Medicaid members enrolled by companies or through funding arrangements are not included in statutory financial data used for this assessment.
To read the full FREE text of "Managed Medicaid Enrollment Trends and Market Insights," visit the Analysis Briefs library on Mark Farrah Associates' website www.markfarrah.com. You can also follow us on LinkedIn.
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™. 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.