Medical cost ratio, which measures how much of an insurer's revenue goes toward medical claims, is a number investors frequently scrutinize when analyzing an insurer's financial performance.
Here's the MCR — sometimes called medical loss ratio or benefit expense ratio — seven payers reported in the third quarter of fiscal year 2019, from highest to lowest:
1. WellCare Health Plans: 88.3 percent
2. Centene: 88.2 percent
3. Anthem: 87.2 percent
4. Molina Healthcare: 86.3 percent
5. Humana: 85.9 percent
6. UnitedHealth Group: 82.4 percent
7. Cigna: 80.5 percent
Click here to read what the payers' MCRs were in the second quarter of this year.
More articles on payers:
Amazon-Berkshire-JPMorgan tests new employee health plan in some states
U of Mississippi Medical physician sues insurers for denying cancer treatment
BCBS of North Carolina CEO's resignation 'wrong message' on mental health, former congressman says