UHC Reports Record Medicare Supplement Growth in 1st Quarter 2014
Medicare supplement market leader UnitedHealthcare (UHC) released 1st quarter 2014 financials on April 17th, adding a whopping 170,000 Medicare supplement lives in the 1st quarter of 2014.
The UHC report features Standardized and Modernized policy in-force counts of 3,625,000 as of 3/31/2014, a 300,000 increase in the past 12 months. The 300,000 policy count growth over the last year is a 9.0% increase over the policy counts at 3/31/2013.
United Healthcare continues to lead the Medicare Supplement market by a wide margin in overall Medicare Supplement policy in-force counts and total new business sales by one carrier, with almost 1/3 of the market.
These 1st quarter 2014 results and projections from CSG Actuarial indicate that United Healthcare will continue to grow its market share in 2014.