Growth in “public health program” enrollment can be great for health insurers’ enrollment.
The Patient Protection and Affordable Care Act (PPACA) provided federal funding that states could use to expand Medicaid eligibility starting in January 2014, and many states have also been moving to let private insurers administer their Medicaid programs.
Thanks to the new Medicaid expansion program and the ongoing shift to managed Medicaid arrangements, insurers’ total managed Medicaid enrollment increased to about 44 million in June, according to analysts at Mark Farrah Associates (MFA).
Managed Medicaid enrollment was 21 percent higher in June than it was in June 2014, and 47 percent higher than it was in June 2013.
The MFA broke out Medicaid enrollment figures for the biggest managed Medicaid program vendors.
Anthem Inc. (NYSE:ANTM) has been the leader in the market over the two-year period covered by the MFA charts. Anthem administers Medicaid plans with 4.8 million enrollees and has an 11 percent share of the managed Medicaid market.
Anthem and the other top-five carriers have now covered about 40 percent of all managed Medicaid plan enrollees. That percentage has held steady for at least the past two years, according to MFA figures.
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