This week, we are highlighting updates from eHealth Inc’s second quarter 2017 results, the 2017 US Life and Health Market Report release from S&P Global Market Intelligence, and CMS pushing for more oversight on Medicare Advantage provider networks.
eHealth, Inc. Announces Second Quarter 2017 Results | Sys-Con Media | July 27, 2017
Total estimated membership as of June 30, 2017 was 885,800 members, a 19% decrease compared to 1,100,300 we reported as of June 30, 2016. Estimated Medicare membership as of June 30, 2017 was 300,400, a 26% increase compared to 239,000 we reported as of June 30, 2016. Estimated individual and family plan membership as of June 30, 2017 was 244,900 members, a 49% decrease compared to 481,300 we reported as of June 30, 2016.
Submitted applications for all Medicare products, which includes Medicare Advantage, Medicare Supplement and Prescription Drug Plans were 31,200 applications in second quarter of 2017, a 5% decrease compared to 32,700 applications in the second quarter of 2016. Submitted applications for individual and family plan products decreased 45% in the second quarter of 2017 to 5,400 applications covering 8,400 individuals compared to 9,800 applications covering 14,600 individuals in the second quarter of 2016.
Life/Health Direct Premiums Will Decline For First Time In 4 Years | PR Newswire | July 25, 2017
U.S. life and health insurance industry direct premiums and considerations will decline for the first time in four years in 2017 as regulatory uncertainty stymies sales of certain types of individual annuities, a new S&P Global Market Intelligence report projects. The 2017 U.S. Life and Health Insurance Market Report, which is the first forward-looking life and health insurance analysis of its kind for S&P Global Market Intelligence, provides a comprehensive five-year outlook on U.S. life, annuity and accident and health premium volumes.
CMS wants more oversight over Medicare Advantage provider networks | Healthcare DIVE | July 21, 2017
To make sure there is current and accurate information, the CMS is requesting more review over Medicare Advantage (MA) provider networks “to provide adequate access to covered services to meet the needs of the population served.” The CMS is taking comments on the proposal until Aug. 18, when it will make a formal request to the Office of Management and Budget (OMB), which needs to approve the plan.