KENNEBUNK, Maine--(BUSINESS WIRE)-- Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions, observed a significant shift in health insurers’ revenues from commercial to government sources between 2006 and 2009. In a recent analysis of health plan data from the National Association of Insurance Commissioners (NAIC), MFA found comprehensive commercial coverage as a percentage of total revenues has fallen from 59% in 2006 to 51% in 2009. Managed Medicare products now account for 21% of health plan total revenues, up from 16% in 2006. Revenue from state Medicaid programs also grew as a percentage of total revenues from 10% in 2006 to 14% in 2009.
Aggregate revenues reported by U.S. health plans totaled $370.8 billion for 2009, up from $346.1 billion in 2008, or 7.2%. During the same period combined medical expenses increased 8.1% and the average number of people covered grew 5.5%.
To read the full text of “Health Plans See Revenue Shift Away from Commercial,” visit the Healthcare Business Strategy library on Mark Farrah Associates’ website www.markfarrah.com. This study excludes California managed care plans who do not file data with the NAIC, and Life, Accident & Health companies; and Property & Casualty insurers who offer medical insurance but do not file a health statement.
Mark Farrah Associates is pleased to announce a new Health Coverage Portal™ feature that enables subscribers to analyze health plans’ sources of revenues and expenses by multiple lines of business such as comprehensive health, dental and/or vision. "Operations by Lines of Business" allows users to filter by parent, plan and domicile and then select fields such as net premium income or emergency room and out-of-area expenses data based on their individual analysis criteria.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. In addition to the Health Coverage Portal™, MFA offers Medicare Business Online™, Medicare Benefits Analyzer™, Health Insurer Insights™ and Health Plans USA™. We are an NAIC data partner and our products also incorporate information from the Centers for Medicare & Medicaid Services (CMS), CADMHC (California Department of Managed Health Care), U.S. Census Bureau and other credible industry sources.
CONTACT:
Mark Farrah Associates
Debra Donahue, 207-985-8484
KEYWORDS: United States North America Maine
INDUSTRY KEYWORDS: Practice Management Health Other Health Professional Services Insurance General Health Managed Care
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