The Us Medical Insurance Industry Has Showcased A Consistent Growth
The market size of the US health insurance industry on the basis of the total direct
premium written grew from USD ~ billion in 2005 to USD ~ billion in 2010 at a CAGR of 7.8%. The total premium written over the years was fuelled by rising population and the rise in premium rates.
Consolidation of hospitals has led to the rise in the cost of treatment. The cost incurred in the consolidation is passed down to the private health insurance plans which further pass on to the employers who then pass it on to the workers in the form of lesser compensation. This results in more expensive health insurance premiums.
The US health insurance industry in terms of the total direct premium written is slated to grow over the 5 years at a CAGR of 5.3% to attain market size of USD ~ billion by 2015. The PPACA law will significantly change the course of the industry. This law will expand health insurance access to 30 million individuals thus opening up prospects for the growth of this industry. This law will also aim to control the rising price of premiums.
The report titled The US Health Insurance Industry Outlook to 2015 Promising Health Reforms to Stimulate Industry Growth provides a comprehensive analysis on the Health Insurance market in the US covering various aspects such as market size of the health insurance industry on the basis of total premium written and total number of people with health insurance, market segmentation by Comprehensive, Medicaid, Medicare and FEHBP, and by health insurance coverage. The report also provides information on the government regulations and health insurance industry value chain. The report also entails competitive landscape and profiles of the major players operating in the industry. The future projections are included to provide an insight on the prospects in the US Health insurance industry.
Key Topics Covered in the Report:
The market size of the US Health insurance industry by direct premium written and by total number of insured people
Market Segmentation on the basis of Comprehensive, Medicaid, Medicare and FEHBP, and by health insurance coverage.
Value chain of the industry.
Government regulations affecting health insurance industry.
Trends and developments pertaining to the industry.
Competitive Landscape and Profiles of the major players
Cause and Effect Relationship Analysis between industry factors and expected Health Insurance Industry Prospects
Future outlook and projections of the US health insurance industry in terms of total premium written.
Macroeconomic and industry factors affecting the industry
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