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June 2, 2007

Small Group Participants Decline

The number of participants in Maryland’s small group health insurance plan declined by 18,419 individuals (-4 percent) in 2006, according to a survey of health insurance carriers released recently by the Maryland Health Care Commission. By plan type, covered lives declined by 7.6 percent for PPO’s, 45.8 percent for POS plans, and 2.8 percent for HMO’s, while covered lives in PPO/HSA plans increased from 212 to 5,266. The loss ratio among small group carriers declined from 82.5 percent to 79.4 percent, portending premium moderation in small group premium rates. Market concentration fell by 6 percent in 2006, with the top two carriers having 86 percent of the small group market. See a copy of the report at here.

Contact Ron Wineholt for further information at rwineholt@mdchamber.org.

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