Business Wire June 22, 2021
MCMURRAY, Pa.–Mark Farrah Associates (MFA), www.markfarrah.com, released an analysis brief providing insights into year-end 2020 profitability for commercial and government lines of health insurance business. MFA compared year-over-year profitability to further assess the pandemic’s effect on financial and enrollment results. Financial insights were gleaned from aggregated 2019 and 2020 National Association of Insurance Commissioners (NAIC) statutory financial data from MFA’s Health Coverage Portal™.
“Year-End 2020 Segment Profitability for Health Insurance Business”
- At the end of fourth quarter 2020, the average medical expense ratio for the Individual segment was 74.5%, as compared to 79.5% the previous year.
- The decline in medical expenses pushed the average medical expense ratio for the Employer-Group segment down to 82.8% at the...
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