Latest news with #MarkFarrahAssociates
Business Wire
16-07-2025
- Business
- Business Wire
Continued Enrollment Increases for the Individual Health Insurance Market by Mark Farrah Associates
MCMURRAY, Pa.--(BUSINESS WIRE)--In its latest Business Strategy brief, Mark Farrah Associates (MFA) assessed short- and long-term individual health insurance enrollment trends. According to financial statements filed by insurers, and with estimates by MFA, enrollment in individual medical plans, both on and off the exchange, totaled approximately 26.8 million as of March 31, 2025. This is an increase of 2.3 million members from a year ago. The individual segment has been profitable, overall, for health plans since 2017. However, since 2021, premium growth has, once again, been outpaced by medical expense growth, leading to increasing medical loss ratios (MLRs). MLRs for 1Q25 experienced an average aggregated traditional MLR of 80.4%, up from 78.9%, at premiums per member per month (PMPM) of $566 and claims PMPM of $455. To read the full text of " Individual Health Insurance Marketplace Enrollment Reaches Record Levels ' visit the MFA Briefs library on Mark Farrah Associates' website. Mark Farrah Associates (MFA) will continue to monitor the changes as they develop and, with MFA's Health Coverage Portal subscription, so can you! 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!
Business Wire
08-07-2025
- Business
- Business Wire
Mark Farrah Associates Reported Individual and Small Group Health Insurance Segment Profitability
MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), examined trends in membership, claims incurred PMPM (per member per month), adjusted premiums PMPM, and MLRs (Medical Loss Ratios) for the Individual and Small Group comprehensive medical/health insurance markets and segment leaders. Based on an analysis of the National Association of Insurance Commissioners (NAIC) Supplemental Health Care Exhibit (SHCE), MFA also analyzed the profitability of both health insurance segments for the last five years. The Individual and Small Group business segments were profitable for insurers in 2024 where both experienced higher MLRs between 2023 and 2024. The Individual segment experienced enrollment growth of 21%, to 21.5 million members for 2024. Premiums PMPM increased 1.8%, to a segment average of $559 PMPM. The average medical claims PMPM of $493 in 2024 was an increase of 2.3% from 2023. The Small Group segment continues to lose membership, down another 7% to 7.9 million in 2024. Average claims incurred PMPM increased from $495 in 2023 to $537 in 2024, an 8.4% increase. To read the full text of " An Analysis of Profitability for the Individual and Small Group Health Insurance Markets in 2024 ' visit the MFA Briefs library on Mark Farrah Associates' website. MFA will continue to monitor health plan performance and competitive shifts across all healthcare segments. 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!
Yahoo
10-06-2025
- Business
- Yahoo
Blues vs. Non-Blues 5-Year Enrollment Trends Analyzed by Mark Farrah Associates
CANONSBURG, Pa., June 10, 2025--(BUSINESS WIRE)--Health insurance companies provided fully insured coverage for approximately 186.5 million people in 2024, an increase of over 12.3 million from 2020. Blue Cross Blue Shield (BCBS) association members, parent organizations, and their subsidiaries insured about 37.5% of the total health insurance market. In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), examined health insurance enrollment changes in key segments for Blue Cross Blue Shield (BCBS) and Non-BCBS companies between 2020 and 2024. Some highlights include: Individual enrollment for BCBS companies increased 36.6% over the last 5 years, and non-BCBS companies reported a 106.1% increase during the same period. Fully insured Group enrollment, which includes the Federal Employees Health Benefits Program (FEHBP), continued to experience decreases throughout the 5-year timeframe for both Blues and non-Blues plans. During the 5-year period, Medicare Advantage (MA) enrollment experienced a 32.8% increase for BCBS plans, and non-BCBS MA enrollment saw a 32.3% increase. Total 4Q24 Medicaid enrollment for BCBS plans was over 15.2 million and nearly 62.5 million for non-BCBS companies. To read the FREE full text of "Five Year Health Enrollment Trends Comparing Blues & Non-Blues Plans", visit the MFA Briefs library on Mark Farrah Associates' website. Healthcare Business Strategy is a FREE 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" on our website. 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. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Medicare Business Online™, Medicare Benefits Analyzer™, 5500 Employer Health PLUS, and Health Plans USA™. For more information about these products, refer to the brochures available under the Our Products section of the website ( or call 724-338-4100. Follow us on LinkedIn! View source version on Contacts Mark Farrah AssociatesAnn Marie Wolfe, amwolfe@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
10-06-2025
- Business
- Business Wire
Blues vs. Non-Blues 5-Year Enrollment Trends Analyzed by Mark Farrah Associates
CANONSBURG, Pa.--(BUSINESS WIRE)--Health insurance companies provided fully insured coverage for approximately 186.5 million people in 2024, an increase of over 12.3 million from 2020. Blue Cross Blue Shield (BCBS) association members, parent organizations, and their subsidiaries insured about 37.5% of the total health insurance market. In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), examined health insurance enrollment changes in key segments for Blue Cross Blue Shield (BCBS) and Non-BCBS companies between 2020 and 2024. Some highlights include: Individual enrollment for BCBS companies increased 36.6% over the last 5 years, and non-BCBS companies reported a 106.1% increase during the same period. Fully insured Group enrollment, which includes the Federal Employees Health Benefits Program (FEHBP), continued to experience decreases throughout the 5-year timeframe for both Blues and non-Blues plans. During the 5-year period, Medicare Advantage (MA) enrollment experienced a 32.8% increase for BCBS plans, and non-BCBS MA enrollment saw a 32.3% increase. Total 4Q24 Medicaid enrollment for BCBS plans was over 15.2 million and nearly 62.5 million for non-BCBS companies. To read the FREE full text of " Five Year Health Enrollment Trends Comparing Blues & Non-Blues Plans", visit the MFA Briefs library on Mark Farrah Associates' website. Healthcare Business Strategy is a FREE 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" on our website. Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Medicare Business Online™, Medicare Benefits Analyzer™, 5500 Employer Health PLUS, and Health Plans USA™. For more information about these products, refer to the brochures available under the Our Products section of the website ( or call 724-338-4100. Follow us on LinkedIn!
Associated Press
10-06-2025
- Business
- Associated Press
Blues vs. Non-Blues 5-Year Enrollment Trends Analyzed by Mark Farrah Associates
CANONSBURG, Pa.--(BUSINESS WIRE)--Jun 10, 2025-- Health insurance companies provided fully insured coverage for approximately 186.5 million people in 2024, an increase of over 12.3 million from 2020. Blue Cross Blue Shield (BCBS) association members, parent organizations, and their subsidiaries insured about 37.5% of the total health insurance market. In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), examined health insurance enrollment changes in key segments for Blue Cross Blue Shield (BCBS) and Non-BCBS companies between 2020 and 2024. Some highlights include: To read the FREE full text of " Five Year Health Enrollment Trends Comparing Blues & Non-Blues Plans ", visit the MFA Briefs library on Mark Farrah Associates' website. Healthcare Business Strategy is a FREE 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 " on our website. 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. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Medicare Business Online™, Medicare Benefits Analyzer™, 5500 Employer Health PLUS, and Health Plans USA™. For more information about these products, refer to the brochures available under the Our Products section of the website ( ) or call 724-338-4100. Follow us on LinkedIn! View source version on CONTACT: Mark Farrah Associates Ann Marie Wolfe,[email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH DATA ANALYTICS INSURANCE FINANCE GENERAL HEALTH BANKING SOURCE: Mark Farrah Associates Copyright Business Wire 2025. PUB: 06/10/2025 11:53 AM/DISC: 06/10/2025 11:51 AM
