Medical cost ratios for 6 national payers

Medical cost ratio, which measures how much of an insurer's revenue goes toward medical claims, is a number investors frequently scrutinize when analyzing an insurer's financial performance.

Here's the MCR — sometimes called medical loss ratio or benefit expense ratio — six payers reported in the three-month period ended June 30, from highest to lowest:

Anthem: 86.7 percent

Centene: 86.7 percent

Molina Healthcare: 85.6 percent

Humana: 84.4 percent

UnitedHealthcare: 83.1 percent

Cigna: 81.6 percent 

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