Healthcare Finance News November 27, 2018
Medicare Advantage, managed Medicaid and provider-sponsored plans, represent the bulk of the SMB market.
Small and medium-sized health plans that cover fewer than 500,000 lives represent 83 percent of all coverage in the United States, according to an Edifecs study.
Small and medium businesses makeup 409 of the country’s 493 health insurance plans.
WHY THIS MATTERS
The study sheds light into the market’s growth, consolidation and competitive landscape, according to Mary Swaykus, senior analyst, Product Marketing, at Edifecs and the paper’s author. It shows where the market is heading.
THE TREND
A lot of the plans are relatively new, with Medicare Advantage the growing trend. Thirty-five percent of small and medium businesses offer a Medicare...
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