By the Numbers: National Health Insurance Market as of 2Q 2023
Enrollment in managed Medicaid dropped by more than 2.1 million from the first quarter of 2023 to the second quarter, as the Medicaid eligibility redeterminations process resumed after a multi-year pause, according to AIS’s Directory of Health Plans.
Seven of the major national Medicaid insurers saw membership losses, with Centene Corp. losing more than 602,000 HMO members. Its membership declined by more than 100,000 in three states: Florida, Iowa and Texas. At the 2023 Wells Fargo Healthcare Conference on Sept. 6, Centene’s executives said that they expected the number of disenrolled former members to be in the range of 2.3 million to 2.4 million. Elevance Health, Inc. also reported significant membership loss in the second quarter, as nearly 475,000 members left its Medicaid HMO plans.
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