Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Managed Medicaid plan enrollment grows 9 percent

X
Your article was successfully shared with the contacts you provided.

U.S. insurers continue to get more of their business from state managed Medicaid programs.

Enrollment in insurer-managed Medicaid plans increased 9 percent between June 30, 2015, and June 30, 2016, to 48 million, according to Portland, Maine-based Mark Farrah Associates.

That was down from a 23 percent Medicaid plan annual enrollment growth rate recorded in mid-2015. But Medicaid plan enrollment grew faster than enrollment in any other type of plan included in the data. Medicaid enrollees accounted for 18 percent of insurers’ June 30 enrollment.

Related: Managed Medicaid plans whip commercial plans

Insurers were providing or administering health coverage for a total of 262 million people in the middle of this year.

The biggest source of business was employers with self-insured health plans. Insurers were administering self-insured plan coverage for 117 million workers and dependents.

Individual major medical was the segment with the worst performance. The number of people with that type of coverage fell 3 percent, to 19 million. Only 7 percent of the insurers’ enrollees had individual major medical coverage.

Related:

Medicaid market player list holds steady

Medicare Advantage issuers gain market share

Are you following us on Facebook?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.