Mark Farrah Associates: Analyzing Market Trends and Competition in Health Insurance
KENNEBUNK, Maine--(BUSINESS WIRE)-- Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions, continues to refine database products and analytics to support analysis of health insurance business. “Our ongoing product enhancements underscore our commitment to be responsive to the needs of health insurance companies as the industry navigates health reform,” said LuAnne Farrah, President and CEO of MFA.
The latest enrollment and financial trends presented in the Health Coverage Portal TM reveal leaders and laggards in the competitive health insurance industry. Year-end 2011 financials provide insights about competitor bottom lines and medical loss ratios for companies across all lines of health insurance. It’s interesting to note, on an aggregate basis, combined performance in the emerging Individual, Non-group segment resulted in a 2011 net loss of $278 million. Meanwhile, enrollment in Individual Comprehensive Medical plans increased 19% in the last 3 years with plans reporting more than 10 million covered lives. Company performance results from 1st quarter 2012 will be available in June.
In addition to statutory financial statement data, MFA updated enrollment estimates in the recently launched County Health Coverage TM product. This product integrates health plan service area observations, provider network data and other relevant indicators with state-reported enrollment to provide accurate estimates of local market share by company. Segment breakdowns by product type for analyzing HMO versus PPO product mix will be online soon.
The April 2012 Health Insurer Insights TM release included new company profiles for Amerigroup and Highmark. This report series profiles top U.S. health insurers. Current reports present 2011 performance overviews as well as insights about corporate strategies and product focus.
MFA’s Medicare Business Online TM and Medicare Benefits Analyzer TM remain the industry’s leading analysis tools for tracking managed Medicare competition.
To learn more contact Mark Farrah Associates at 207-985-8484 or visit www.markfarrah.com.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include Health Coverage Portal™, Health Insurer Insights™, Medicare Business Online™, Medicare Benefits Analyzer™, Health Plans USA™ and the new County Health Coverage™.
Mark Farrah Associates
Ann Marie Wolfe, 207-985-8484
KEYWORDS: United States North America Maine
INDUSTRY KEYWORDS: Technology Data Management Health Professional Services Consulting Insurance General Health Managed Care