by Jason Yoo | Feb 17, 2021 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $34 million for the fourth quarter, a decrease of $134 million from the prior-year’s fourth quarter. Molina ended the quarter with Total Membership of 4,032,000, an increase of 701,000 from Fourth quarter 2019. The...
by Jason Yoo | Feb 11, 2021 | Medicare, Medicare Advantage, news
CSG Actuarial compiled the following highlights from the various January 2021 enrollment files. Medicare Advantage Nationwide enrollment grew by 9.4% to 26.6 million compared to the prior year Standalone PDP enrollment shrank by 3.2% to 24.4 million compared to the...
by Jason Yoo | Feb 10, 2021 | Medicare Advantage, news
Anthem, Inc. announced that the company has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated...
by Jason Yoo | Feb 10, 2021 | Medicare Advantage, Medicare Supplement, news
Continuing its national expansion, Bright Health announced it has signed an agreement to acquire Central Health Plan of California, Inc. (“Central Health Plan”). Upon closing, Bright Health will serve approximately 110,000 individuals within its Medicare Advantage...
by Jason Yoo | Feb 4, 2021 | Medicare Advantage, Medicare Supplement, news
4th Quarter 2020 Highlights from Company Earnings Release: Reaffirms FY 2021 expected individual Medicare Advantage membership growth range of approximately 425,000 to 475,000 members, representing expected year-over-year growth of approximately 11 to 12 percent...
by Jason Yoo | Feb 4, 2021 | Medicare Advantage, Medicare Supplement, news
4th Quarter 2020 Highlights: Operating Revenues was $31.5 Billion, 16.2% Growth over the prior year driven by higher premium revenue due to growth in Medicaid and Medicare Benefit expense ratio was 88.9% in the fourth quarter, a decrease of 10 basis points from 89.0%...
