Industry Analysis & Industry Trends
The Health and Medical Insurance industry, which is made up of carriers of private, group and public health, medical, dental insurance, was characterized by slow growth five years ago as a result of reduced employer coverage and continued consumer deleveraging. However, consistent increases in healthcare expenditure and medical cost inflation, as well as a sharp decline in the uninsured rate, have driven industry growth in recent years. In the coming years, as the baby boomer generation ages, more people will need medical coverage and the retirement of baby boomers will particularly increase Medicare expenditure... 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 companies accounting for an estimated 55.3% of total industry revenue in 2016. The level of concentration within the industry has increased in recent years though, with the top four insurers accounting for only 38.6% of total industry revenue in 2011.
Reform pushes the big to get bigger
The healthcare reforms enacted 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 2016, during which time insurers will be preparing for the full implementation of the Patient Protection and Affordable Care Act... purchase to read more