Insurance Business New Zealand’s Post

According to The Health Insurance Authority #Ireland quarterly market statistics for Q1 of 2024, the average adult premium is now €1,685 - an increase of almost 13% on the first quarter of 2023. Vhi Healthcare retain the largest market share, followed by Laya healthcare and Irish Life Health. There were 351 plans on the market as of 1 April, and the majority of consumers have plans with substantial cover in #privatehospitals (semi-private accommodation), while just 10% of consumers have plans with cover mainly in public hospitals. The research shows that #healthinsurance continues to grow with 46.8% of the population now has #privatehealthinsurance, a slight increase on last quarter. The names of the five most popular plans from each insurer are: Read the full stats with iPMI Global https://lnkd.in/eZi29ZY2

According to The Health Insurance Authority #Ireland quarterly market statistics for Q1 of 2024, the average adult premium is now €1,685 - an increase of almost 13% on the first quarter of 2023. Vhi Healthcare retain the largest market share, followed by Laya healthcare and Irish Life Health. There were 351 plans on the market as of 1 April, and the majority of consumers have plans with substantial cover in #privatehospitals (semi-private accommodation), while just 10% of consumers have plans with cover mainly in public hospitals. The research shows that #healthinsurance continues to grow with 46.8% of the population now has #privatehealthinsurance, a slight increase on last quarter. The names of the five most popular plans from each insurer are: Read the full stats with iPMI Global https://lnkd.in/eZM_spkM

Millions of South Africans cannot afford the high cost of medical aid. Could health insurance close the gap?🤔 Read this to find out. #HealthNews #HealthcareAffordability #HealthInsurance #HealthcareDebate #HealthcareEquality #InsuranceSolutions #HealthcareAccess #HealthcareForAll #TheCitizenNews

Premiums: all stakeholders must pull in same direction ➡ Few areas of the sector get the kind of scrutiny applied to the health insurance industry, says the PHA’s CEO. https://lnkd.in/gBn9mxn6 #generalpractice #primarycare #familymedicine #healthinsurance

Health insurance premiums in America could rise to ‘highest in decades’ in 2025 — 3 ways to cut your healthcare costs https://lnkd.in/gkBEdvhn

Big news from today's NABIP Newswire: The Biden administration is curtailing short-term health insurance plans, which it calls “junk insurance” that can leave patients contending with big medical bills. The rule, which was proposed last summer as part of a series of actions aimed at lowering health care costs, limits the duration of new sales of these controversial plans to three months with the option of renewal for a maximum of four months total, the administration said Thursday. It also requires that the plans provide consumers with clear explanations of their benefits, which are typically skimpier than Affordable Care Act policies, and inform them of how to find more comprehensive coverage. https://lnkd.in/g2qcZ7TM

Navigating health insurance can feel stressful, especially when unexpected bills arise after following a doctor's advice. Many people are left confused and frustrated by the coverage limitations that insurers impose, especially with elective procedures and treatments. Understanding what is typically covered and what is not can empower consumers to make informed decisions about their healthcare. #healthcare #healthinsurance

"Recent data from the ABI shows that the use of virtual GPs increased almost 800% between 2019 and 2022, while mental health support and physiotherapy have risen 140% and 27% respectively. Everyday care services now account for over 60% of all Vitality health insurance claims." 👩⚕️ Would a more proactive approach to physical and mental health support with reducing these figures? 📉 https://lnkd.in/eGiKST4U #PMI #privatemedicalinsurance #mentalhealth #insurance #careservices

Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced A comparative study was also done by the survey researchers with their own 2022 survey about personal health insurance. This study concluded that "The personal health insurance policy owners who had seen an increase in their premium by over 25 per cent has dipped from 62 per cent in 2022 to 52 per cent this year. #Healthinsurance | #PolicyHolders | #MedicalInflation | #InsuranceSamdhan | #Healthnews Read more:

📈 Group Health Insurance Market Projected to Reach $1,800 Billion by 2031 📈 The group health insurance market is expected to grow at an impressive 9.4% CAGR by 2031. Discover how key players like Allianz Care, AXA, and Aetna are driving this growth and shaping the future of healthcare coverage. 🏥💼 #HealthInsurance #MarketGrowth #HealthcareIndustry #AllianzCare #InsuranceInnovation