This KFF brief examines two measures of financial performance – gross margins and medical loss ratios – in the Medicare Advantage, Medicaid managed care, individual, and fully insured group health insurance markets using data reported by insurance companies to the National Association of Insurance Commissioners (NAIC) and compiled by Mark Farrah Associates, through the end of 2024 (the most recent year of annual data). The Medicare Advantage market is made up of around 33M people in 2024. In comparison, this is less than half of the population for Medicaid managed care and about 70% of the size of the fully insured group market. However, the Medicare Advantage market is about 1.4 times larger than the individual market.
Read the full article: Health Insurer Financial Performance in 2024 //
Source: https://www.kff.org/medicare/health-insurer-financial-performance/#fd69ae5c-8132-44fc-9fec-372c3f580b48