Mark Farrah Associates Assessed Individual Health Insurance Market Trends for 2Q

MCMURRAY, Pa.--(BUSINESS WIRE)--
Mark Farrah Associates (MFA), www.markfarrah.com, reported enrollment in individual medical plans totaled 17.4 million as of June 2022, representing a 9.1% increase from the 15.9 million members in June 2021. According to the Centers for Medicare & Medicaid Services (CMS) reports, also combined with data from MFA’s Health Coverage Portal™, more than 10.3 million of these members were enrolled through the healthcare.gov platform at second quarter 2022, and 4.3 million enrolled in State-based marketplaces. In the latest brief, MFA provides insights into individual health insurance market trends with state-by-state membership comparisons.

• Centene, Guidewell Mutual Holding Group (the parent company of Blue Cross Blue Shield affiliates operating in Florida), Kaiser and Anthem all reported more than 1 million individual medical covered lives as of second quarter 2022.

• Florida, California, and Texas had the highest number of enrollees, with Florida covering nearly 3 million members as of 2Q21.

• Profitability for health insurance companies with Individual business dropped from nearly $8 billion in 2020 to a loss of ($1.7) billion for 2021.

To read the full text of "Second Quarter Individual Health Insurance Market Trends", visit the Analysis Briefs library on Mark Farrah Associates' website.

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™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health ^Plus. Follow us on LinkedIn!

Healthcare Business Strategy is a FREE monthly brief that presents analysis of important issues and developments affecting healthcare business today. If you would like to be added to our email distribution list, please submit your email to the "Subscribe to MFA Briefs" section at the bottom of this page.

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Mark Farrah Associates
Ann Marie Wolfe, amwolfe@markfarrah.com

Source: Mark Farrah Associates