Payers ranked by medical loss ratios in 2023

The nation’s largest payers have filed their fourth-quarter earnings reports, revealing how medical loss ratios changed year over year.

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Payers ranked by medical loss ratios in 2023:

Humana
2023: 88%
2022: 86.6%

Centene
2023: 87.7%
2022: 87.7%

Elevance Health 
2023: 87%
2022: 87.6%

CVS Health
2023: 86.2%
2022: 83.8%

UnitedHealth Group
2023: 83.2%
2022: 82%

Cigna Group
2023: 81.3%
2022: 81.7%

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