The country's largest payers reported year-over-year increases in medical cost ratios.
Aetna reported a medical benefit ratio of 95.2% in the third quarter, driven by increased utilization, premium deficiency reserves, the impact of Medicaid redeterminations and a decline in Medicare Advantage star ratings payments.
Payers ranked by Q3 MLRs:
Aetna
Q3 2024: 95.2%
Q3 2023: 85.7%
Humana
Q3 2024: 89.9%
Q3 2023: 86.6%
Elevance Health
Q3 2024: 89.5%
Q3 2023: 86.8%
Molina Healthcare
Q3 2024: 89.2%
Q3 2023: 88.7%
Centene
Q3 2024: 89.2%
Q3 2023: 87%
UnitedHealth
Q3 2024: 85.2%
Q3 2023: 82.3%
Cigna
Q3 2024: 82.8%
Q3 2023: 80.5%