Industry Analysis & Industry Trends
The Health and Medical Insurance industry is expected to grow consistently over the next five years. The reforms expected to take full effect in 2014 will lead to more individuals qualifying for financial subsidies for insurance, thereby increasing demand for industry services. Key health expenditure items (e.g. hospital services and prescription drugs) will experience strong growth over the five years to 2019. The aging population will also stimulate demand for both government-funded and private health insurance, further benefiting the industry... purchase to read more
Industry Report - Industry Products Chapter
The majority of industry revenue is generated from premiums that are related to fully funded insurance policies. Under this traditional coverage, the health insurer is financially responsible for paying all the incurred coverage benefits and administration costs of healthcare benefits. In return, the company receives a premium. Health insurers also generate income by providing network-based health and well-being services to beneficiaries in government-sponsored healthcare programs such as Medicare and Medicaid.
In addition to healthcare premiums, insurers also generate revenue from fees and product sales. For example, industry participants generate a significant amount of fee revenue for managing care for self-funded insurance plans... purchase to read more