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Expand chart
Data: Company filings, CMS, Kaiser Family Foundation; Chart: Michelle McGhee/Axios

National Medicaid enrollment hit a record 80.5 million this past January, as Congress provided extra funding for states to retain and sign up more low-income adults and children during the coronavirus pandemic.

Between the lines: Because more states have outsourced their Medicaid programs to private health insurers, this pandemic-fueled growth also has been a boon for some of the largest insurance companies.

State of play: Health insurers have been pursuing more revenue from government health programs, including Medicaid.

  • Seven out of 10 Medicaid enrollees are in a plan run by an insurance company, according to the Kaiser Family Foundation.
  • That would mean roughly 55.5 million of the 80.5 million people now on Medicaid are in a privately run plan.
  • And of those 55.5 million, roughly two-thirds are in a plan owned by five dominant insurance companies.
  • Centene covers 13.6 million Medicaid enrollees, the most of any company. Centene acquired WellCare last year and is now so large, it essentially functions as a branch of state and federal governments.

Worth noting: "The evidence is thin that these contractors improve patient care or save government money," Chad Terhune reported for Kaiser Health News in 2018.

Go deeper: Medicaid will be a coronavirus lifeline

Go deeper

Biden's reengineer-America moment

Illustration: Sarah Grillo/Axios

The Senate's bipartisan $1.2 trillion infrastructure bill and President Biden's $3.5 trillion spending package could live or die this week — and take Democrats' fortunes with them. But all the minute-by-minute political drama obscures how much America could change if even a fraction of it passes.

The big picture: Anything short of total failure could have a transformative impact on day-to-day life — from how we move around to our access to the internet, paid family leave and child care, health care and college.

Mike Allen, author of AM
2 hours ago - Politics & Policy

First look: Anita Dunn advises Dems on economy message for '22

Signs from a President Biden event yesterday in Kansas City, Mo. Photo: Chase Castor/Bloomberg via Getty Images

In a midterm preview, top Democratic strategist Anita Dunn advises the party's House and Senate members to frame Republicans "as being against the economic interests of working Americans."

What she's saying: "Explicitly framing Republicans as opposing policies to lower costs does better than simply framing Republicans as the 'party of no,'" Dunn, White House senior adviser until August, writes in the memo.

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."