Business Wire November 5, 2024
MCMURRAY, Pa.–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, compared 2Q24 and 2Q23, per member per month (PMPM) health premiums and expenses for the Individual, Employer-Group, Medicare, and Medicaid segments. Financial insights were gleaned from aggregated statutory financial data from MFA’s Health Coverage Portal™.
- For 2Q24, the average medical expense ratio for the Individual segment was 80.4%, as compared to 82.4% the previous year.
- For the Employer-Group Risk segment, growth in premium was outpaced by the increase in medical expenses, moving the average medical expense ratio for this segment up to 84.3% for 2Q24, from 84.1% in 2Q23.
- For Medicare Advantage, growth in medical expenses, which was greater than the increase in premiums, pushed the average medical expense ratio for this...
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