Becker's Healthcare October 13, 2020
Several health insurers have seen their profits climb amid the COVID-19 pandemic as the use of healthcare services fell.
The Kaiser Family Foundation issued a brief Oct. 12 that analyzed how the pandemic has affected health insurers’ profits. Researchers analyzed financial data from 2013-20 for insurers reporting to the National Association of Insurance Commissioners. The data was compiled by Mark Farrah Associates.
Here are four statistics to know:
1. Average gross margins per member per month, or the average amount that premium revenue exceeds an enrollee’s medical costs in a month, grew across insurers. Through the second quarter of 2020 compared to the same period last year, group market plans saw their gross margins grow by 22 percent,...
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