by Jason Yoo | Mar 4, 2021 | Medicare Advantage, news
It’s not a secret that the Medicare Advantage market is booming. At Anthem, for instance, enrollment in MA was up nearly 18% at the end of 2020 compared to the year before, reaching 1.4 million members. Total Medicare enrollment, including both MA and supplement...
by Jason Yoo | Mar 4, 2021 | Medicare Advantage, news
Highmark Inc. announced today that its affiliation first unveiled in June 2020 with HealthNow New York Inc. has become effective. In the coming months, the newly affiliated organization will be rebranded Highmark Blue Cross Blue Shield of Western New York and Highmark...
by Jason Yoo | Mar 2, 2021 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information from SelectQuote, Inc.’s publicly available financial information, focusing primarily on their Medicare segment results. Note: SelectQuote’s Fiscal Year ends on June 30. The 2nd Quarter 2021 reflects the three months ended...
by Jason Yoo | Feb 18, 2021 | Insurance Industry, Medicare Advantage, news
Full Year 2020 Highlights: December 31, 2020 managed care membership of 25.5 million, an increase of 10.3 million members, or 67%, over December 31, 2019. Total revenues of $28.3 billion for the fourth quarter of 2020, representing 50% growth compared to the fourth...
by Jason Yoo | Feb 17, 2021 | Medicare Advantage, Medicare Supplement, news
Overall Company Fully Year and Fourth Quarter 2020 Highlights: Full Year Total Revenues increased to $268.7 billion, up 4.6% compared to prior year Overall Medical membership as of December 31, 2020 of 23.4 million, an increase of 504,000 from the prior year The CVS...
by Jason Yoo | Feb 17, 2021 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $34 million for the fourth quarter, a decrease of $134 million from the prior-year’s fourth quarter. Molina ended the quarter with Total Membership of 4,032,000, an increase of 701,000 from Fourth quarter 2019. The...
