📈 Trends in financial data for healthcare insurance companies
“The health insurance industry continued its tremendous growth trend as it experienced a significant increase in net earnings to $31 billion and an increase in the profit margin to 3.8% in 2020 compared to net earnings of $22 billion and a profit margin of 3% in 2019. The combined ratio decreased modestly to 97% from 97.6%.”
📊 “Figure 1 illustrates the profitability trend for the health insurance industry and the increase in both net earnings and profit margin.”
📊 “Figure 2 illustrates the increase in total hospital and medical benefits compared to earned premium.”
📄 These data are summarized from the U.S. Health Insurance Industry Analysis Report, 2020, issued by the National Association of Insurance Commissioners. Link included below for the most current reports.
❓ How do you interpret these data as they relate to the current state of healthcare funded ABA services?
Brandon Herscovitch, Ph.D., LABA, BCBA-D
Partners Behavioral Health can help with your clinical and business standards, compliance, and outcomes. We can help you scale an ethical ABA practice you’re proud about.
https://content.naic.org/cipr-topics/insurance-industry-snapshots-and-analysis-reports
