Despite the challenges in both Medicaid and privately run Medicare Advantage, the major insurers still posted sizeable earnings during Q2, much of which was helped by the health services divisions.
According to Healthcare Dive, Medicare Advantage and safety-net Medicaid plans are seeing their profitability shrink amid ongoing operational pressures which is a flip from what was initially hoped, and expected.
Medicaid has faced a number of issues as states remove ineligible beneficiaries from the safety-net coverage creating a myriad of problems including higher risks and higher costs for insurers.
Insurers’ MLRs, Q2 2023 and Q2 2024
