THIS IS A DEMO COLLABORATIVE, ALL CONTENT WITHIN THIS COLLABORATIVE IS MADE UP WITH TEST DATA.
The Health and Medical Insurance industry, which is made up of carriers of private, group and public health, medical and dental insurance, was characterized by slow growth over the past five years 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. Industry revenue is correlated with total health expenditure, as operators increase premiums to maintain profitability. Despite this revenue growth, medical cost increases and new legislation mandating minimum medical loss ratios have put pressure on industry profit.