2023 Year-to-Year Medicaid Revenue Results for the

Table 2

2023 Year-to-Year Medicaid Revenue Results for the "Big Five"

CVS Health/Aetna and Elevance Health do not report these financial metrics.

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Number in brackets represents company's market capitalization as of the close of 2/9/2023.
*Centene defines the Health Benefits Ratio (HBR) as "medical costs divided by premium revenue. Molina defines the Medical Care Ratio (MCR) as the "amount of medical care costs as a percentage of premium revenue." These ratios differ from the Medicaid Medical Loss Ratio (MLR).
More available at https://ccf.georgetown.edu/2022/03/04/medicaid-managed-care-what-can-the-annual-mlr-report-tell-us/.