Industry Analysis & Industry Trends
The Health and Medical Insurance industry is expected to grow consistently over the next five years. With healthcare reform expected to take full effect in 2014, the US healthcare system will fundamentally change. Key health expenditure items, like hospital services and prescription drugs, will experience strong growth over the five years to 2018. Furthermore, the aging population will stimulate demand for healthcare, creating growth in government-funded and private health insurance... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2013, industry revenue is expected to increase at an average annual rate of 3.2% to $741.6 billion. This growth includes an estimated increase of 3.1% in 2013. During this period, consistent growth in healthcare expenditure has driven demand for industry services; however, it has also caused medical-cost inflation. Since 2008, insurers have struggled to increase rates in line with medical-cost inflation due to the price-sensitive nature of their cash-strapped customer base. As a result, industry profit margins have compressed since. Health insurers are attempting to gain the upper hand in the tug-of-war between declining enrollment numbers, rising medical costs and premium pricing... purchase to read more