Short-term medical insurers’ loss ratios, which show the percentage of premiums spent on patients’ medical claims, fall far below the average loss ratio among comprehensive major medical plans.
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Year | Premiums earned (millions) | Covered members | Market share |
---|---|---|---|
UnitedHealth Group | $41.7 | 29,309 | 38.1% |
National General Insurance | $28.4 | 18,117 | 26.0% |
Geneve Holdings (IHC Group) | $17.5 | 21,075 | 16.0% |
Blue Cross of Idaho | $4.1 | 2,909 | 3.8% |
Cambia Health Solutions | $2.8 | 1,295 | 2.6% |
Medical Mutual of Ohio | $2.7 | 1,565 | 2.5% |
Spectrum Health | $2.7 | 1,951 | 2.5% |
Blue Cross and Blue Shield of Kansas City | $2.6 | 2,321 | 2.3% |
Blue Cross and Blue Shield of South Carolina | $1.3 | 1,221 | 1.1% |
Chart excludes one insurer with no covered lives as of Dec. 31, 2018.