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Employee Benefits

National health insurers take larger share of ACA market in 2023: McKinsey

May 04, 2023 Reprints

Over the past 10 years, the number of insurers participating in the Affordable Care Act market has grown steadily, and in the years since 2020 up until 2022, enrollment has increased 25% to approximately 16 million, reports BenefitsPro. According to a McKinsey & Co. report, national insurance company participation on ACA exchanges saw the biggest increases. Insurer participation increased in 2023 for the fifth consecutive year to 303 insurer participants at the state level, nearly matching the all-time high of 306 carriers in 2015.

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National health insurers take larger share of ACA market in 2023: McKinsey

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