Home › MFA In the News › Mark Farrah Associates Assessed Year-End Health Insurance Enrollment Trends
Mark Farrah Associates Assessed Year-End Health Insurance Enrollment Trends
Business Wire
MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), www.markfarrah.com, released a year-end 2022 health insurance segment enrollment update. MFA compared membership between 4th quarter 2021 with 4th quarter 2022 to provide greater insight into enrollment trends for the Individual, Group, ASO, Medicare Advantage, and Medicaid insurance segments. As of December 31, 2022, approximately 318 million people received medical coverage from U.S. health insurers. This number is up from 309.2 million, or approximately 8.4 million additional members, from a year ago.
“Notable Enrollment Increases for Year-End 2022 Health Insurance Business”
Between 4Q21 and 4Q22, membership for the Individual market gained approximately one million more members, year-over-year.
In addition, the Medicare Advantage and Medicaid markets also experienced membership increases of 2% and 6.4%, respectively.
The Employer-group risk and Employer-group ASO (administrative services only for self-funded plans) segments provide the largest sources of coverage in the industry, however, while Employer-group ASO saw a significant 2.4 million increase of enrollees, the Employer-group risk market experienced year-over-year membership declines.