by Jason Yoo | Nov 6, 2020 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $185 million for the third quarter, an increase of $10 million from the prior-year’s third quarter. Molina ended the quarter with Total Membership of 4,033,000, an increase of 687,000 from third quarter 2019. The increase...
by Jason Yoo | Nov 6, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights from Company Earnings Release: Total Revenues for the third quarter of $20.1 billion, an increase of 24% from the prior-year quarter 92%, or 4.1 million members are currently enrolled in 4-Star and above contracts Medicare Enrollment Comments:...
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information on the Medicare business from eHealth Inc.’s Q3 Financial results. eHealth Medicare Segment Q3 2020 Highlights: Medicare segment revenues for the quarter grew 23% year-over-year to $70.4 million 36% of Medicare major medical...
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights: Operating Revenues was $30.6 Billion, 15.9% Growth over the prior year driven by higher premium revenue due to growth in Medicaid and Medicare Benefit expense ratio was 86.8% in the third quarter, a decrease of 40 basis points from 87.2% compared...
by Jason Yoo | Oct 30, 2020 | Insurance Industry, Medicare Advantage, news
Centene Corporation reported a profit of $568 million for the third quarter, nearly six times more than its net earnings in the prior-year’s third quarter. The increase was in large part due to the acquisition of WellCare which closed in January. In addition,...
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, news
GoHealth commissioned 2,000 online interviews to explore the implications and burden Gen X and Millennials face when supporting their aging parents. As the Baby Boomer generation continues to age, more Millennials and Gen X’ers are taking an important role in their...
