Q3 2020 Highlights from Company Earnings Release:
- Total Revenues for the third quarter of $20.1 billion, an increase of 24% from the prior-year quarter
- 92%, or 4.1 million members are currently enrolled in 4-Star and above contracts
- Medicare Enrollment Comments:
- Individual Medicare Advantage membership increased 382,600 members, or 10.8%, from September 30, 2019 to September 30, 2020
- Group Medicare Advantage membership increased 88,100, or 16.8%, from September 30, 2019 to September 30, 2020
- Medicare stand-alone PDP membership decreased 487,600 members, or 11.1%, from September 30, 2019 to September 30, 2020
Medicare Advantage (Individual + Group MA) membership of 4,547,100 as of Q3, a 61,600 increase compared to the end of Q2 2020 and 470,700 increase from Q3 2019.
Medicare Supplement lives of 331,300 as of Q3, an increase of 6,700 lives compared to end of the Q2 2020 and 44,700 compared to the prior year Q3.
Contact: Jason Yoo, Director of Market Research; jyoo@csgactuarial.com; 855-861-8776 x1035