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 Key Buyers Chapter
Market share concentration within the Health and Medical Insurance industry is moderate, with the top four firms accounting for an estimated 45.1% of total industry revenue in 2014. The level of concentration within the industry has increased sharply in recent years though, with the top four firms accounting for 36.7% of total industry revenue in 2009.
Reform pushes the big to get bigger
The reforms enacted by the Obama administration in 2010 have been driving mergers and acquisitions, as insurers benefit from economies of scale and greater numbers of subscribers. IBISWorld expects the trend toward consolidation to accelerate through 2015, during which time insurers will be preparing for the full implementation of the Patient Protection and Affordable Care Act... purchase to read more