Mark Farrah Associates (MFA) Finds Life Companies Write 29 Percent of Group Health Business.KENNEBUNK, Maine
Kennebunk, typically pronounced /'kɛnibʌŋk/ (KEN-ee-bunk) among locals but often /'kɛnəbʌŋk/ (KEN-uh-bunk) or -- In 2006, life insurance companies underwrote $73.7 billion in fully insured group major medical in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent analysis by Mark Farrah Associates (MFA See multifactor authentication. ). This represents 29 percent of group premiums earned by health insurers industry wide. The U.S. fully insured group major medical market generated $256.2 billion in premiums in 2006, according to MFA's analysis of financial statements filed with the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is an Internal Revenue Code Section 501(c)(3) non-profit organization which seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners from around the United States. (NAIC NAIC See National Association of Investors Corporation (NAIC). ). Traditional health companies underwrote $182.5 billion in premiums for 71% market share and life companies underwrote $73.7 billion for 29% market share. Link to our Healthcare Business Strategy briefs to learn more about this important analysis. Healthcare Business Strategy (Healthcare BS) is a FREE brief that presents analysis of important issues and developments affecting healthcare business today. For example, UnitedHealth companies reported the largest volume of group major medical premiums through Life, Accident and Health filings (LAH), an aggregate of $15.9 billion. Conversely, Kaiser Foundation The mission of the Kaiser Foundation is to assist individuals and communities in preventing and reducing the harm associated with problem substance use and addictive behaviours. External links
The position of life companies in the group health market is not surprising, considering the rise in popularity of PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there plans. MFA recently rolled out a new database product, the Health Coverage Portal[TM]. The Health Coverage Portal[TM], is the most comprehensive source available for health insurance enrollment and health plan performance data. The online database integrates the NAIC's robust statutory data for Health and Life companies with MFA's proprietary self-insured dataset to provide a complete picture of payer share and performance by state. It is the best analysis tool on the market. For more information about the Health Coverage Portal[TM] and other MFA products and services please contact MFA at (207-985-8484) or visit us on the web. About Mark Farrah Associates Mark Farrah Associates (MFA) provides health plan market data and analysis tools. Since 1997, we've been recognized as a leader in analyzing health insurance business. MFA serves a wide range of companies with interests in healthcare. Our portfolio includes online data products, industry-focused market reports and research consulting services. Our products include the Health Coverage Portal, Health Insurer Insights, Health Plans USA and Medicare Business Online. |
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