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Mark Farrah Associates Assessed Individual Health Insurance Enrollment Trends
The individual market has seen numerous changes in the last fifteen years. Enrollment in individual medical plans, both on and off the exchange, totaled approximately 19.5 million as of March 31, 2023, nearing the height of the market in early 2015, according to financial statements filed by insurers, and with estimates by Mark Farrah Associates ( MFA). In the latest brief, MFA provides insights into enrollment and financial trends for the individual health insurance segment.
Key highlights include:
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The individual segment has been profitable, overall, for health plans since 2017, however, premium growth has, once again, been outpaced by medical