This research report offers reference and benchmarking information for certain key metrics used in the routine analysis of Medicaid financial performance of managed care organizations (MCOs). It summarizes selected 2023 financial data, relying on the MCOs’ use of the standard reporting structure developed by the National Association of Insurance Commissioners (NAIC), and covers the following topics:

• Summary of 2023 financial results
• Administrative cost analysis
• Public health emergency unwinding impact