KENNEBUNK, Maine--(BUSINESS WIRE)--Mark Farrah Associates (MFA) found evidence of improvement among leading health insurance plans in the United States. Overall revenues increased 5.1% for the nation’s top seven plans, from $293 billion in 2010 to $308 billion in 2011. Profit margins remained relatively stable with a combined average of 5.63% at year-end 2010 to 5.66% at year-end 2012. Total membership increased 2.9% with gains across the commercial, Medicare and Medicaid segments from 2010 to 2011. MFA analyzed market share and performance of these companies as well as other leading health plans in the U.S. in a recent Healthcare Business Strategy release.
MFA found aggregate medical membership for the seven leading plans increased by 3.6 million or 2.9% from 125.8 million in 2010 to 129.4 million in 2011. Commercial, Senior and Medicaid segments all saw enrollment growth year-over-year. Business in the commercial segment grew by 2.1% from 2010 to 2011. The Medicare (Senior) and Medicaid segments experienced enrollment growth 8.1% and 6.6% respectively. The majority of leading health plans saw a modest upturn in year-over-year profitability for 2011, when compared to 2010. The top plans mentioned in MFA’s latest Healthcare Business Strategy report insure or administer coverage for approximately 51% of the estimated 256.2 million people with health insurance in the United States and its territories, and their financial well-being is a key indicator of the industry’s stability.
In the latest Healthcare Business Strategy report, MFA reviewed enrollment and financial trends 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 April 2012 Health Insurer Insights™ series, a Mark Farrah Associates publication. To read the full text of "Market Improvement Evident for Top Health Plans," visit the Healthcare Business Strategy 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 Health Coverage Portal™, Health Insurer Insights™, Medicare Business Online™, Medicare Benefits Analyzer™, Health Plans USA™ and the new County Health Coverage™.