Jared Strock

I post Medicare Market insights

[Jared Strock @jaredstrock]

@justincurtisOMA Yard of the month signs really got an upgrade! (We need one of those!)

[Jared Strock @jaredstrock]

@justincurtisOMA refreshing a government website... makes one question their career choices.

[Jared Strock @jaredstrock]

Anyone else refreshing https://t.co/8PdK9Foqce multiple times a day waiting for the final rule on Broker Comp.? 👀

[Jared Strock @jaredstrock]

@B_Madden4 Thanks for sharing! I was surprised to see no lift from Advance Notice to Final give history. 2025 will be interesting for the MA market...

[Jared Strock @jaredstrock]

@B_Madden4 I mean, that is North America. So, local-ish

[Jared Strock @jaredstrock]

RIP LinkedIn

[Jared Strock @jaredstrock]

@mitchsherman + tax

[Jared Strock @jaredstrock]

+500k

That's how much MA enrollment for CVS/Aetna increased from Dec. 23 to Jan. 24

Overall, MA enrollment increased 2.5%, up from last year, but lower than the prior year

Feb. data is typically needed to get a complete picture of AEP growth so take this with a grain of salt

[Jared Strock @jaredstrock]

-In 2011 Cigna reportedly purchased HealthSpring MA members for $10,000 per, though they were likely purchasing the MA operations and human capital as well.

[Jared Strock @jaredstrock]

What is the (financial) value of an MA member to an Insurance Carrier?

Here is a simple calculation ->

Based on Molina’s purchase of Bright Health’s block it’s ~$3,542 per member.

[Jared Strock @jaredstrock]

NOTE:

-as of 9/30/23 the block was running a ~90% loss ratio and was generating a operating loss, so there is work to do to get the block to profitability.
-Molina likely had leverage in this given Bright’s financial issues pushing the valuation down.

[Jared Strock @jaredstrock]

@B_Madden4 25k is a nice number. WTG

[Jared Strock @jaredstrock]

@anothercohen You should install a deck in the pool with a slide

[Jared Strock @jaredstrock]

@jxlorenzi @TheOklahoman_ Congrats. Will miss your articles and podcast covering the Jays!

[Jared Strock @jaredstrock]

Top 5 MS Carriers - Market Share (by enrollment):

-UHC (39%)
-Carefirst BCBS
-Mutual of Omaha
-CVS
-Cigna

The MA and MS penetration are surprisingly low relative to other states. This indicates a big opportunity!

[Jared Strock @jaredstrock]

In Medicare each state is it's own unique market.

Today we are looking at Maryland!

Here are the enrollment stats (these surprised me):

Total Medicare Eligibles (YE '22): 1,101,483
-1.9% YoY growth

Total MA Enrollment (YE '22): 211,528
-19.0% YoY growth

[Jared Strock @jaredstrock]

Top 5 MA Carriers - Market Share (by enrollment):

-Kaiser (35%)
-UHC
-CVS
-Cigna
-Johns Hopkins