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June 07, 2018 at 05:26 PM
In spite of all of the upheaval in Washington, the big health insurers that S&P Global and Moody’s Investors Service rate are doing fine.
James Sung, an S&P Global health insurance rating analyst, said today in New York, at an S&P Global insurance conference, that, in the long run, he expects to see a few large, national, integrated health insurance-health care services companies dominate the U.S. health care market.
Carriers need to do what they can to bring down the underlying cost of medical care, Sung said.
Because of high costs, “the current model they have now is not sustainable,” Sung said.
But Joe Marinucci and Hema Singh, two other S&P health insurance rating analysts, said that, overall, the health insurers they rate look fine.
(Related: Bond Analyst Thinks LTCI Reserves Could Triple Over Next 10 Years)
The ratings of most of the health insurers S&P rates have been stable, and most of those insurers have capital levels that are strong for their rating categories, Marinucci said.
Singh said the rated insurers with Affordable Care Act public exchange plan programs have had stable enrollment numbers this year, and that the ACA Medicaid expansion program continues to boost managed Medicaid plan enrollment.
