SEARCH   
MEMBER LOGIN    
Forgot Password?

Health & Welfare Funds in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Health & Welfare Funds Market Research Report | NAICS 52512 | Dec 2016

Insufficient funds: Despite anticipated revenue growth, an increase in healthcare expenditures will hamper profit

IBISWorld’s Health & Welfare Funds market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$189bn
Annual Growth 11-16
-2.0%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
11,838
Businesses
866
Industry Threats & Opportunities
  • An increase in overall health spending will drive the industry’s growth
  • The industry remained stable because there is great demand for skilled fund managers
  • Growth trends relate to the growing aging US population and increasing demand for Medicare
  • ... purchase to read more

Industry Analysis & Industry Trends

In the five years to 2016, industry revenue is expected to decrease as a consistent increase in healthcare expenditures (i.e. medical cost inflation) forced industry operators to consistently raise premiums and increase reserves to ensure healthcare liabilities are properly funded. This occurrence, combined with a relatively weak and volatile stock market, has also taken its toll on industry profit margins. In attempt to slow rising medical costs, the Obama administration has introduced healthcare reforms in the Affordable Care Act (ACA) in an attempt to temper medical cost inflation and decrease the uninsured rate in the United States... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Health and Welfare Funds industry is characterized by a low level of concentration, with no industry operator accounting for greater than 5.0% of industry revenue. A share of less than 40.0% is classed as a low concentration level. Participation in the vast majority of the industry's 866 funds is only open to particular companies and workers. This means the actual market for most funds is severely limited, making it almost impossible for any fund to account for a meaningful share of industry revenue. In the five years to 2016, some funds have had to merge to remain a viable healthcare source for their members. When the unemployment rate increases, smaller funds must merge to make up for the lack of employee contributions. The.. ... purchase to read more

Additional Insights for the Health & Welfare Funds Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health & Welfare Funds Industry are

  • Effective cost controls
  • Ensuring pricing policy is appropriate
  • Financial position of the company (as against financial structure)
  • IBISWorld analysts also discuss how external factors such as S&P 500 and Number of employees in the Health & Welfare Funds industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Health & Welfare Funds Industry?

    This industry comprises legal entities (i.e. funds, plans and programs) that provide medical, surgical, hospital, vacation, training and other health and welfare related employee benefits, exclusively for the sponsor’s employees or members. Unlike private insurers, health and welfare funds operate on a nonprofit basis, for the benefit of members and their sponsors, not shareholders.

    Industry Products
    Medical benefitsPrescription drugsDental benefitsLong-term disability benefitsDeath benefitsVision
     
    Industry Activities
    Providing employee health and welfare benefit plans (excluding pensions)Providing union health and welfare fundsNegotiating contracts with insurance carriers using collective bargaining


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • S&P 500
  • Number of employees
  • Number of people with private health insurance
  • Total health expenditure
  • Per capita disposable income
  • Yield on 10-year Treasury note
  • Current Performance
  • Revenue stagnates
  • Income softens
  • Industry structure
  • Growing consolidation
  • Chart: Revenue Growth
  • Industry Outlook
  • Increasing expenditures
  • Ongoing trends
  • Healthcare reform
  • Table: Health & Welfare Funds Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health & Welfare Funds Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Construction
  • Manufacturing
  • Transportation and Warehousing
  • Educational Services
  • Coal & Natural Gas Power
  • Key Selling Industries
  • Custody, Asset & Securities Services
  • Portfolio Management
  • Products & Services
  • Medical benefits
  • Dental benefits
  • Prescription drugs
  • Death benefits
  • Vision
  • Long-term disability benefits
  • Chart: Health & Welfare Funds Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Employer Contribution
  • Investment income
  • Employee Contribution
  • Sale of assets and capital gains
  • Chart: Major Market Segmentation for the Health & Welfare Funds Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Health & Welfare Funds
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health & Welfare Funds Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Health & Welfare Funds Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Health & Welfare Funds Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • National Health Expenditures (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Asset Management
  • The management of a fund's assets to determine the best investment strategies to meet its goals.
  • Contingent Worker
  • An employee working on a casual, part-time or contractual basis.
  • Defined Benefit Program (Db)
  • An employer-sponsored plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Health & Welfare Funds:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Health & Welfare Funds market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Health & Welfare Funds, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    View Sample
    Quote
    Select Clients
    Back to Top