Market Snapshot - Individual Medical Insurers
| Company (State of Domicile) NAIC# |
Number Insured1 |
Market Share |
Net Income (Loss)2 |
| |
12/31/05 |
12/31/06 |
12/31/07 |
12/31/05 |
12/31/06 |
12/31/07 |
2006 |
2007 |
| Companies Currently Offering
Coverage: |
| Anthem BC/BS (Maine) - PPO 52618 |
34,996 |
33,991 |
34,364 |
86% |
81% |
76% |
$14,679,640 |
$49,964,940 |
| Mega Life & Health (OK) 97055 |
4,011 |
6,797 |
9,757 |
10% |
16% |
22% |
--2 |
--2 |
| HMO Maine (Anthem BC/BS) (Maine)3 52618 |
80 |
39 |
27 |
0% |
0% |
0% |
$25,753,492 |
$31,015,337 |
| CIGNA (Maine) 95447 |
16 |
16 |
15 |
0% |
0% |
0% |
($232,555) |
$2,133,052 |
| Harvard Pilgrim (MA) 96911 |
13 |
14 |
6 |
0% |
0% |
0% |
--2 |
--2 |
| Aetna Health (Maine) 95517 |
6 |
10 |
9 |
0% |
0% |
0% |
$6,282,501 |
$6,479,071 |
| Subtotal |
39,122 |
40,867 |
44,178 |
97% |
97% |
98% |
46,483,078 |
89,592,400 |
| Companies Renewing
but Not Offering New Coverage: |
| Golden Rule (IL) 62286 |
638 |
519 |
415 |
2% |
1% |
1% |
--2 |
--2 |
| Prudential (NJ) 68241 |
201 |
155 |
124 |
0% |
0% |
0% |
--2 |
--2 |
| Washington National (IL) 70319 |
198 |
154 |
123 |
0% |
0% |
0% |
--2 |
--2 |
| American Republic (IA) 60836 |
84 |
85 |
68 |
0% |
0% |
0% |
--2 |
--2 |
| State Farm (IL) 25178 |
71 |
57 |
45 |
0% |
0% |
0% |
--2 |
--2 |
| AXA Equitable Life 62944 |
61 |
67 |
54 |
0% |
0% |
0% |
--2 |
--2 |
| Mutual of Omaha (NE) 71412 |
8 |
8 |
6 |
0% |
0% |
0% |
--2 |
--2 |
| Other |
79 |
49 |
39 |
0% |
0% |
0% |
--2 |
--2 |
| Subtotal |
1,340 |
1,094 |
875 |
3% |
3% |
2% |
|
|
| TOTAL |
40,462 |
41,961 |
45,053 |
100% |
100% |
100% |
|
|
| 1 Unavailable data is estimated
and shown in bold. Yearly totals for Number Insured
reflect actual counts submitted from 940 reports and may differ
slightly from financial statement data. |
| 2 Net Income (Loss) is shown
only for Maine domestic companies and reflects group and individual
combined. |
| 3 HMO Maine is a line of business
of Anthem Blue Cross and Blue Shield. |
| Recent Rate Increases |
| Aetna |
15.0% |
6 |
policies |
7/1/2006 |
| American National |
17.0% |
2 |
policies |
3/1/2008 |
| Anthem: DirigoChoice |
18.1% |
4,349 |
contracts |
3/1/2007 |
| Anthem: HMO Maine |
14.0% |
27 |
lives |
4/1/2008 |
| Anthem: H S A |
15.0% |
826 |
lives |
6/1/2006 |
| Anthem: P P O |
12.5% |
13,502 |
policies |
1/1/2008 |
| 16.7% |
16,896 |
policies |
1/1/2007 |
| Central United |
50.0% |
3 |
policies |
3/6/2007 |
| CIGNA |
5.2% |
16 |
lives |
3/1/2008 |
| Golden Rule |
12.0% |
247 |
policies |
4/15/2008 |
| Harvard Pilgrim |
8.0% |
13 |
lives |
12/1/2007 |
| MEGA |
0.0% |
5,506 |
lives |
1/1/2006 |
| Principal |
12.0% |
1 |
policy |
10/1/2006 |
| Prudential |
30.0% |
17 |
policies |
7/1/2008 |
| 30.0% |
21 |
policies |
7/9/2007 |
| State Farm |
30.0% |
2 |
riders |
8/1/2006 |
| Trustmark |
20.0% |
2 |
policies |
7/1/2007 |
| 35.0% |
1 |
lives |
10/1/2006 |
| United American |
10.0% |
1 |
policy |
10/1/2007 |
| Pending Rate Increases |
| United American |
10% |
1 |
policies |
10/1/2007 |
| Trustmark |
35.0% |
1 |
policies |
11/1/2007 |
Source: Bureau of Insurance
Last Updated:
July 2, 2008
|
