by Carrie Haubensak | Jan 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
The transaction exits Cigna from a sector that’s been a huge source of growth for insurers but has seen its earnings potential shrink. Cigna has agreed to sell its Medicare business to Health Care Service Corporation for roughly $3.7 billion, the health insurer...
by Carrie Haubensak | Jan 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 4th quarter 2023 Medicare Supplement lives of 307,200, up 2.6% from the result at 3rd quarter 2023 and down 2.0% compared to 4th quarter 2022. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. ...
by Carrie Haubensak | Jan 25, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news
Elevance Health (formerly Anthem, Inc.) released 4th quarter 2023 financials on January 24th, reporting a decrease of 5,000 Medicare Supplement lives in the 4th quarter and a decrease of 24,000 Medicare Supplement lives over the past 12 months. The Elevance Health...
by Carrie Haubensak | Jan 15, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news
Medicare Supplement market leader United Healthcare (UHC) released 4th quarter 2023 financials on January 12th, reporting a 10,000 increase in Medicare Supplement lives in the 4th quarter. The UHC enrollment table below features Standardized and Modernized policy...
by Carrie Haubensak | Jan 4, 2024 | Insurance Industry, Medicare Supplement
Rate actions are the most important tool that carriers can use to manage the performance of their Medicare Supplement business. Rate increases (and sometimes rate decreases!) are used to adjust competitive positioning and to move loss ratios toward the pricing...
by Carrie Haubensak | Jan 2, 2024 | Insurance Industry, Medicare Supplement
CompanyDateIncrease AmountComments Ace Property and Casualty Insurance Company 9/1/2023 - 1/1/20246.8%Varies by state & plan Aetna Health and Life Insurance Company 2/1/2024 - 3/1/20247.5%Arizona & Utah Aetna Health Insurance Company 2/1/202411.3%Oklahoma...
