Health & Medical Insurance in California - Industry Market Research Report

  • ID: 4578402
  • Report
  • Region: California
  • 28 pages
  • IBISWorld
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Booster shot: The effects of the PPCA helped support significant revenue growth in the state

FEATURED COMPANIES

  • Aetna Inc.
  • Anthem Inc.
  • Cigna Corporation
  • Health Net Inc.
  • Kaiser Permanente
  • UnitedHealth Group Inc.
  • MORE

Health & Medical Insurance in California

The provisions of the Patient Protection and Affordable Care Act (PPACA), including healthcare exchanges and Medicaid expansion, have greatly increased the number of people with private health insurance in California over the past five years. Consequently, the Health and Medical insurance industry in California has yielded significant revenue growth over the five years to 2017, further boosted by an increase in demand for healthcare services. However, this has also hindered industry profit. When people use their health insurance, insurers must pay healthcare providers for their services, increasing benefit expenditure paid out by operators. Over the next five years, industry revenue is expected to grow, though at a significantly slower pace, as the initial surge of new individuals with health insurance spurred by the PPACA was the driving force behind the industry's rapid growth over the past five years.

This industry includes businesses that focus mostly on directly underwriting insurance policies relating to life, health, accident and medical risks. Underwriting insurance policies involves assuming risks and assigning premiums. Businesses within this industry generate revenue from the specific activity of insurance underwriting as well as through investing premiums. Investment revenue comprises income generated from investments as well as any realized gains or losses from asset sales.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aetna Inc.
  • Anthem Inc.
  • Cigna Corporation
  • Health Net Inc.
  • Kaiser Permanente
  • UnitedHealth Group Inc.
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Aetna Inc.
  • Cigna Corporation
  • Health Net Inc.
  • Anthem Inc.
  • Kaiser Permanente
  • Blue Shield of California Life & Health Insurance Company
  • UnitedHealth Group Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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