The country’s largest payers reported year-over-year increases in medical cost ratios, with the exception of Elevance Health, which decreased 0.1%.
Aetna reported the highest medical loss ratio in the second quarter; it rose 3.4 percentage points year over year to 89.6%, driven by rising costs in inpatient care, dental and pharmacy.
Payers ranked by Q2 MLRs:
Aetna
Q2 2024: 89.6%
Q2 2023: 86.2%
Humana
Q2 2024: 89%
Q2 2023: 86.8%
Molina Healthcare
Q2 2024: 88.6%
Q2 2023: 87.5%
Centene
Q2 2024: 87.6%
Q2 2023: 87%
Elevance Health
Q2 2024: 86.3%
Q2 2023: 86.4%
UnitedHealth
Q2 2024: 85.1%
Q2 2023: 83.2%
Cigna
Q2 2024: 82.3%
Q2 2023: 81.2%
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