Search
 

Revenue from fully insured health products hit $849 billion in 2016

Among the carriers that offer fully insured health plans, overall the top line has prospered while the bottom line has deteriorated since the enactment of the Affordable Care Act, according to a recent study by the Deloitte Center for Health Solutions.

By Katie Kuehner-Hebert | Updated on December 04, 2017
The three largest plans by revenue in every year from 2011 through 2016 were UnitedHealth Group, Kaiser Foundation Health Plan and Anthem. (Photo: Shutterstock)

Among the carriers that offer fully insured health plans, overall the top line has prospered while the bottom line has deteriorated since the enactment of the Affordable Care Act – but the largest plans have fared much better than others, according to the study, “Health Plan Financial Trends 2011-2016,” by the Deloitte Center for Health Solutions.

Industry-wide, revenue for fully insured health insurance products rose 55 percent, from $548 billion in 2011 to $849 billion in 2016. Enrollment increased by 29 percent during this period, from 143 million to 184 million members. However, underwriting gains and margins declined during this period. In 2011, U.S. fully-insured health plans posted aggregate underwriting gains of $19.2 billion. In 2016, underwriting gains were $13.6 billion, a decline of 29 percent from 2011 levels. The sector’s overall 2016 underwriting margin of 1.6 percent was 52 percent below the industry’s aggregate 3.5 percent margin in 2011.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Katie Kuehner-Hebert

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

More from this author

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.