Big Six Insurers Continue to Profit on MA Even with Higher Utilization

Medicare Advantage plans sold by the country's largest insurers all showed profits last year even though utilization rates by seniors went up. UnitedHealth cleared the largest amount in profits - more than double the next closest plan - with $22.4 billion. CVS came in with $8.3 billion, followed by Elevance at $6 billion and Cigna at $5.1 billion. For more analysis on the MA profits for 2023, click here.