Medicare Advantage growth among biggest for-profit payers in Q4

Three of the five largest for-profit payers saw double-digit growth in their Medicare Advantage membership in the fourth quarter of fiscal year 2019.

Advertisement

Here’s how CVS Health-owned Aetna, Anthem, Cigna, Humana and UnitedHealth Group’s UnitedHealthcare stacked up, according to recent financial documents:

Payers are listed in order of greatest year-over-year Medicare Advantage enrollment growth as of Dec. 31, 2019.

1. Aetna
Medicare Advantage membership: 2.3 million
Percent change year over year: 32 percent

2. Anthem
Medicare Advantage members: 1.2 million
Percent change year over year: 20.7 percent

3. Humana
Medicare Advantage membership: 4.1 million
Percent change year over year: 15.5 percent

4. UnitedHealthcare
Medicare Advantage membership: 5.3 million
Percent change year over year: 6.6 percent

5. Cigna
Medicare Advantage membership: 444,000
Percent change year over year: 2 percent

Editor’s note: This article was updated Feb. 20, 2020 at 11:51 CST.

More articles on payers:
Horizon BCBS of New Jersey CEO steps back
Cigna changes leadership at Express Scripts
Average employer health plan deductibles by state

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Capital

Advertisement

Comments are closed.