Abstract
This article examines the performance of private insurers operating in the individual and employer group markets in the United States. Premiums charged by health insurers reflect expected claims as well as administrative expenses and profits. Empirical evidence suggests notable differences in insurer performance between the individual and group markets. Studies also suggest that insurer performance varies by insurance market structure and the regulatory environment in which firms operate.
Original language | English (US) |
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Title of host publication | Encyclopedia of Health Economics |
Publisher | Elsevier |
Pages | 479-483 |
Number of pages | 5 |
ISBN (Electronic) | 9780123756787 |
ISBN (Print) | 9780123756794 |
DOIs | |
State | Published - Jan 1 2014 |
Keywords
- Administrative costs
- Administrative expenses
- Health insurance
- Insurance market
- Insurers
- Loading fees
- Medical loss ratio
- Performance
- Premiums
- Private insurance