McMurray, Pennsylvania, March 27, 2024–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, reviewed the final 2022 year-end enrollment mix and financial metrics for the top five health plans. UnitedHealth, Elevance Inc., CVS Health, Centene, and Health Care Service Corp. (HCSC) insure 43% of Americans in the commercial, Medicare, and Medicaid markets. The main takeaways are:
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In 2022, large health insurers accounted for 38% of the commercial market and 22% of the government.
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During this period, UnitedHealthcare and Elevance were the market leaders with revenues of $188.1 billion and $124.1 billion, respectively.
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CVS, Centene, and HCSC all reported strong membership and financial metrics, with Centene achieving the highest revenue of the three plans, primarily generated from state Medicaid operations.
Insights for this analysis were gathered from MFA's online database tool, Health Plans USA™. This is an analytical tool for comparing market composition, market share, and financial information about health plans across the country. Additionally, MFA is pleased to announce that his 2023 annual data is expected to be completed in early April.
About Health Plans USA™
Health Plans USA™ is a practical, low-cost tool for businesses looking for a national overview of the health insurance industry, including national health plan market share and general financial data. This online database provides access to annual enrollment, revenue, and expenses for commercial risk, ASO, Medicare, and Medicaid plans. This includes company contact information for sales and marketing efforts, a company snapshot for easy viewing of each health plan, and a user-friendly web table design with easy table navigation and the ability to download to Excel. It is.
To read the full text of “” for freeFinancial indicators and membership composition of top insurance companies”, please visit the Analysis Brief Library on the Mark Farrah Associates website.
About Mark Farrar Associates (MFA)
MFA is a leading data aggregator and publisher of health insurance market data and analytical tools for the healthcare industry. Committed to simplifying analytics for health insurance businesses, our products include Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™, and 5500 Employer Health Plus. It will be. Follow us on LinkedIn!
Also, for the latest insights into health insurance enrollment trends and financial performance, visit: free MFA Healthcare Business Strategy Brief (MFA website).
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