Meridian Health Plan of IL Inc
Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2017, 2018 and 2019. Average return on equity over the last five years has been poor at -20.2%. Weak quality investment portfolio (2.7). Good overall results on stability tests (5.4) despite rapid premium growth over the last five years, rapid enrollment growth during the past five years and a decline in the number of member physicians during 2021. Rating is significantly influenced by the acceptable financial results of Centene Corporation.
Other Rating Factors:
Excellent capitalization (8.2) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
IL
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
13189
Largest Affiliates
