Overview

IBISWorld’s Group Health Insurance procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Group Health Insurance to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Group Health Insurance - Recent Price Trend

In the three years to 2017, group health insurance premiums have been rising at an estimated average annualized rate of 2.7%, anchored by insurers’ growing costs. Health insurers have allocated more revenue toward claims and benefits, especially as healthcare providers have charged higher prices for the services they render on behalf of plan participants. Additionally, the introduction of the...

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Group Health Insurance - Total Cost of Ownership

The total cost of ownership for group health insurance is low because the insurer bears most hidden costs associated with the coverage. For example, the insurer reimburses healthcare providers for servicing clients, saving buyers from having to pay everything out of pocket. Insurers also manage most of the administrative tasks involved with health insurance, reducing the buyer’s cost burden.Other...

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About this Report

This report is intended to assist buyers of group health insurance. Insurance involves the transfer of risk from an individual to an insurance carrier. Health insurance involves this transfer of risk specifically for healthcare expenses, while group health insurance provides companies with a way to provide coverage for collections of employees. Offered plans specify a percentage of an individual’s medical and surgical expenses that the insurer will pay the cost for, which reduces the covered individual’s liability for medical expenses incurred in the case of a sudden illness or injury. This report does not cover life insurance, disability insurance or dental insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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