Best’s Special Report: US Publicly Traded Health Insurers Sustain Revenue Growth Trend in 2023; Margins Likely to be Pressured in 2024
Publicly traded
The new Best’s Special Report, titled, “Revenue Grows but Margins Are Pressured for US Publicly Traded Health Insurers,” states that half of the 10 publicly traded health insurers followed for this report reported double-digit premium growth in 2023, led by Oscar Health, Inc., at 46.9%; the population in aggregate also saw a 28.5% increase in investment income. Net income grew to
“With medical costs continue to rise across
According to the report, Medicare Advantage (MA) earnings are being pressured by the decline in reimbursement rates from
“Overall earnings for companies solely operating government programs could be challenged in 2024, but these companies should remain profitable,” said
To access the full copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=342355.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
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Source: AM Best
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