Medicaid redeterminations began in April 2023, and all major payers have released their 2023 earnings, revealing which recorded the largest enrollment losses in the Medicaid market.
Payers ranked by Medicaid losses in 2023:
1. Elevance Health
March 2023: 11.9 million
Dec. 2023: 10.5 million
Change: -11.7%
2. Centene
March 2023: 16.3 million
Dec. 2023: 14.5 million
Change: -11.3%
3. CVS Health
March 2023: 2.8 million
Dec. 2023: 2.5 million
Change: -9.9%
4. UnitedHealth Group
March 2023: 8.4 million
Dec. 2023: 7.8 million
Change: -6.4%
5. Molina Healthcare
March 2023: 4.8 million
Dec. 2023: 4.5 million
Change: -6%