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Research Outline
Prepared for Carter C. | Delivered September 6, 2019
Healthcare Sub-Markets
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Goals
In order to inform a major business pitch, provide a detailed market analysis of the following healthcare sub-markets: Medicare, Stop Loss, Total Rewards and Voluntary Benefits.
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Early Findings
Medicare
Medicare currently serves
60 million people
.
In 2017, Medicare was responsible for
15% of total federal spending
and 20% of total national health spending.
By state, the total percentage of the population that is utilizing Medicare benefits is available
here
. Maine and Peurto Rico have 25% of the state population on Medicare, while Utah only has 12%.
Stop Loss
One type of regulation on stop-loss insurance is "
risk-transfer standards
." While states may have their own requirements, the National Association of Insurance Commissioners has adopted the Stop Loss Insurance Model Act (#92) which sets minimum attachment points.
The stop loss market is valued at
$20 billion in premiums
.
Total Rewards
We found that total rewards is "
a concept that describes
all the tools available to an employer that may be used to attract, motivate and retain employees." Following that definition, we did not find any companies offering this service as a package to other businesses, instead, this is utilized to describe the
type of system
employers utilize to describe all the benefits (compensation, insurance, vacation, etc) to employees.
Voluntary Benefits
Voluntary benefits
cover four different areas: health, wealth accumulation, security, and personal.
Voluntary health insurance benefits include
vision insurance
, dental insurance, accident insurance, critical illness insurance, hospital indemnity insurance.
V
o
l
u
n
t
a
r
y
benefits
are seeing huge growth, spurred by the desire for personal preference, increased interest in physical and financial wellness, and advances in technology that make these programs simpler to run.
In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.
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