Mark Farrah Associates September 30, 2020
While the health insurance industry is accustomed to volatility due to policy issues and an ever-changing competitive landscape, the spread of COVID-19 has undoubtedly impacted many additional aspects of the health care ecosystem. It is no surprise that insurers are seemingly poised to weather this disruption and appear committed to adapting to these new challenges. However, despite the calamity caused by the pandemic, enrollment for the second quarter of 2020 increased in most health insurance segments.
Based on data filed in statutory financial reports from the NAIC (National Association of Insurance Commissioners) and the CA DMHC (California Department of Managed Health Care), 274 million people received medical coverage from U.S. health insurers, as of June 30, 2020. This number is...
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