Milliman：2025年美国医疗补助管理式医疗财务经营成果研究报告（英文版）（

The CY 2025 financial information analyzed for this report comprises information for 186 reporting entities across 38 states, the District of Columbia, and the Commonwealth of Puerto Rico. The financial data for all MCOs were compiled to produce outcomes of key financial metrics for various company groupings. The distribution of results is summarized in this report to allow for user reference and benchmarking purposes. The primary financial metrics analyzed for this report include the medical