Mark Farrah Associates Assesses 2nd Quarter 2014 Performance of Top Health Plans
KENNEBUNK, Maine, Dec. 3, 2014 /PRNewswire/ -- Mark Farrah Associates recently assessed year-over-year enrollment changes and profitability as of the 2nd quarter 2014 for seven leaders in the health insurance industry: Aetna, Cigna, HCSC (Health Care Service Corporation), Humana, Kaiser Permanente, UnitedHealth and WellPoint. Membership data, financial statistics and observations were gleaned from the July 2014 Health Insurer Insights™ series, a Mark Farrah Associates™ (MFA) publication. Year-over-year, leading plans experienced aggregate enrollment growth of almost 5 million but 2014 profits continued to slide.
As of June 2014, the leaders collectively covered more than 143 million U.S. members in risk and self-funded ASO (administrative services only) commercial and government plans. Overall membership trends of the leading health plans continue to reflect increases in both risk and ASO enrollment. WellPoint reported medical membership increased 1.6 million with a total medical membership of 37.2 million while UnitedHealth's total U.S. medical membership was 36.5 million, a decrease of 445,000 when compared to 2nd quarter 2013. Aetna, Cigna, HCSC and Kaiser all experienced growth in both risk and ASO enrollment. Humana's individual enrollment increased to 1,244,300 at June 30, 2014, up from 568,300 one year prior.
Although second quarter 2014 profit margins for industry leaders were favorable, profits were down when compared to 2nd quarter 2013. Kaiser's 2Q14 profit margin was 7.5% as the company continues to report favorable operating income. Aetna's 2Q14 profit margin was 3.8%, UnitedHealth's results show 5.4% and WellPoint's margin was 3.9%.
To read the full text of "Membership for Top Health Plans Up Five Million as of Mid-Year 2014," visit the Analysis Briefs library on Mark Farrah Associates' website www.markfarrah.com.
About Health Insurer Insights™
Health Insurer Insights™ presents strategic business intelligence on the nation's leading health insurers. This quarterly report series provides detailed yet concise overviews of the Top 10 health insurers with keen insights about the company's market position and strategic focus. For more information about Health Insurer Insights™, refer to the product video and brochure on theproduct page or call 207.985.8484.
About Mark Farrah Associates™ (MFA)
Mark Farrah Associates™ (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. We are a licensed redistributor of NAIC data. MFA's Health Coverage Portal™ includes both risk-based and administrative services only membership and detailed financial data by plan, parent, state, region and nationally. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Health Insurer Insights™, Medicare Business Online™, Medicare Benefits Analyzer™, and Health Plans USA™. Visit our website to learn more about our products and services - - www.markfarrah.com.
Contacts:
Mark Farrah Associates
Ann Marie Wolfe, 207-985-8484
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SOURCE Mark Farrah Associates
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