Medical cost ratios across six major payers rose an average of just under 1 percent year over year, according to companies' second-quarter earnings reports.
Several payers warned that medical costs are on the rise, as more older adults seek outpatient procedures and behavioral health utilization is increasing.
Medical cost ratios indicate what portion of premium revenue payers spend on paying medical claims.
CVS Health had the largest year-over-year increase in its medical cost ratio, rising 3.5 percentage points.
Elevance Health was the only payer with a decreasing ratio.
Here's how six major payers stacked up:
Centene: 87 percent
Up 0.3 percentage points year over year
Elevance Health: 86.4 percent
Down 0.7 percentage points year -over year
Humana: 86.3 percent
Up 0.5 percentage points year over year
CVS Health/Aetna: 86.2 percent
Up 3.5 percentage points year over year
UnitedHealthcare: 83.2 percent
Up 1.7 percentage points year over year
Cigna: 81.2 percent
Up 0.5 percentage points year over year