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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Mark Farrah Associates Assessed Mid-Year Health Insurance Enrollment Trends

October 11, 2021 GMT

MCMURRAY, Pa.--(BUSINESS WIRE)--Oct 11, 2021--

Mark Farrah Associates (MFA), www.markfarrah.com, released a second quarter 2021 health insurance segment enrollment update. Based on membership data filed with statutory financial reports from the NAIC (National Association of Insurance Commissioners), the CA DMHC (California Department of Managed Health Care), and data from MFA’s ASO estimates, insurance companies provided medical coverage for 301 million people, as of June 30, 2021. This number is up from 293.7 million or approximately 7.2 million members, from a year ago. Second quarter enrollment trends indicated membership gains for Individual, Medicare Advantage (MA), and Medicaid, while the Employer-Group risk and Employer-Group ASO (administrative services only for self-funded plans) business, experienced year-over-year declines.

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  • Over 16.1 million people are currently enrolled in Individual, Non-Group medical plans, representing a 4.8% increase between 2Q20 and 2Q21.
  • Medicaid and CHIP programs now provide coverage for approximately 80.5 million beneficiaries, representing 9% growth, year-over-year.
  • Second quarter membership in Medicare Advantage (MA) plans increased to over 27 million, from 24.6 million in the prior year.

To read the FREE full text of ” Health Insurance Membership Reaches Over 300M at 2Q21 ”, visit the Analysis Briefs library on Mark Farrah Associates’ website.

About Mark Farrah Associates (MFA)

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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!

Healthcare Business Strategy is a FREE monthly 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 ” section at the bottom of this page.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211011005514/en/

CONTACT: Mark Farrah Associates

Ann Marie Wolfe,amwolfe@markfarrah.com

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: GENERAL HEALTH HEALTH PROFESSIONAL SERVICES INSURANCE MANAGED CARE

SOURCE: Mark Farrah Associates

Copyright Business Wire 2021.

PUB: 10/11/2021 11:11 AM/DISC: 10/11/2021 11:11 AM

http://www.businesswire.com/news/home/20211011005514/en