Crains New York - November 12, 2012 - (Page 16)

THE LIST NYC’s Largest Health Insurers Ranked by number of enrolled NYC members HEALTH INSURANCE % of population who have it, by borough 2010 Bronx 83.95% 84.33% 85.47% 85.99% 89.07% 88.75% 81.42% 81.37% 92.88% 92.49% 85.23% 85.36% NEXT WEEK: The list of the top 125 privately held companies T THE SCOOP PRIVATE INSURANCE % of insured population who have it, by borough 2011 Bronx Brooklyn Manhattan Queens Staten Island NYC Total Source: U.S. Census Bureau American FactFinder he re-election of President Barack Obama and the implementation of Obamacare could aid a private insurance market that is bleeding business.The number of enrollees in the city’s top 10 health insurance plans dropped 3.3% in September 2012 from a year earlier, to 8.2 million, according to Crain’s. The decline would have been worse had Medicaid coverage not increased 7.2% in the same period. Four of the six insurance companies that reported membership gains offer mostly public insurance. “It’s predominantly the employer-sponsored insurance that’s declining,”said Steve Logan (above), the president of Aetna’s New York market. “You’re seeing employers not hiring at all, or they’re hiring full-time employees that they are not extending benefits to.” Aetna ranked No. 3 on Crain’s list with 1 million New York City members, a 7.5% decline from a year earlier. Aetna expects to see growth in its highdeductible plans. The company that reported the steepest fall in membership, Empire BlueCross BlueShield, attributed most of its 15.3% drop to a costsaving decision last fall to discontinue seven small group products as of April 2013. That will affect an estimated 250,000 workers and their families. The company still topped Crain’s list with 2.9 million New York City members. “Costs continue to outstrip wages, and health insurance has become a less affordable product for employer groups and individuals,” said Peter Newell, the director of the health insurance project at United Hospital Fund. The Affordable Care Act provision that allows children to stay on their parents’health insurance plans until their 26th birthdays helped.In New York state, —emily laermer 160,000 young adults gained coverage. 2010 50.21% 50.69% 59.47% 57.93% 75.68% 73.56% 65.69% 64.65% 79.65% 76.55% 64.11% 62.79% 2011 Brooklyn Manhattan Queens Staten Island NYC Total Source: U.S. Census Bureau American FactFinder % insured in Manhattan, by age group 0-17 18-64 82.4% Source: The Commonwealth Fund 95.7% !# %!" '' ' ' ! ' ' ! $! ' '' ' ! # $# '! ' $! ' $# '! ' $! ' "" & &!! ' ' "" !"! ' ' (+%,! 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Table of Contents for the Digital Edition of Crains New York - November 12, 2012

THE INSIDER
IN THE BOROUGHS
IN THE MARKETS
BUSINESS PEOPLE
CORPORATE LADDER
OPINION
GREG DAVID
REAL ESTATE DEALS
REPORT: HEALTH CARE
THE LIST
CLASSIFIEDS
SMALL BUSINESS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - November 12, 2012