The Health and Medical Insurance industry has been characterized by slow growth over the five years to 2015 as a result of reduced employer coverage and continued consumer deleveraging. However, consistent increases in healthcare expenditure and medical cost inflation have continued to drive industry growth. In the next five years, the industry will continue to benefit from rising health expenditure and an aging US population that demands increased insurance coverage. Health insurance reforms will further increase demand for health insurance through government subsidies and an individual mandate, but will also present challenges to industry profitability.
This industry underwrites (i.e. assumes the risks of and assigns premiums for) health and medical insurance policies. Insurance is the transfer of the risk of a loss in exchange for payment. Operators also provide administrative services for self-funded insurance plans (whereby an employer provides health benefits to workers with its own funds). Under this structure, the industry operator is a third-party administrator and is not responsible for health benefit payments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.