Healthcare DIVE March 1, 2023
Gross margins per enrollee in the Medicare Advantage market for insurers had returned to pre-pandemic levels by the end of 2021, while individual and group markets notched lower margins compared to before the outbreak, according to a report by the Kaiser Family Foundation.
The analysis of insurer markets in 2021, the latest year of available annual data, sheds light into the varied financial performance of insurers during the COVID-19 pandemic, when use of health services plummeted and elective procedures were canceled or postponed.
Margins for Medicare Advantage, or MA plans, had returned to pre-pandemic levels in 2021 and were more than double those seen in group, individual and MCO markets.
Through the end of 2021, MA gross margins averaged at...