Mark Farrah Associates Assessed 2Q20 Health Insurance Profitability
Summary
Just as Covid-19 generated serious implications on small businesses and the economy, the repercussions of the virus for U.S. health insurers became evident late in the first quarter. MFA compared year-over-year profitability for second quarter to assess the pandemic’s effect on financial and enrollment results. • At the end of second quarter 2020, the average medical expense ratio for the Individual segment was 73.6%, as compared to 73.9% the previous year. As stakeholders watch closely to see how COVID-19 will impact the industry, MFA will continue to monitor health plan performance and competitive shifts across all healthcare segments. To read the full text of “Health Insurance Segment Mid-Year 2020 Profitability", visit the Analysis Briefs library on Mark Farrah Associates website.