Skip to content

Worldwide boom in health insurance

August 13, 2010

United States is not the only place preparing for rapid expansion of health insurance coverage and its implications on society. Parts of Asia report 76% and 50% growth rate of health insurance industry for the current year and next projected year, respectively. It is important to realize that in this context of reporting "growth of the industry" refers to premium volume that increases due to a number of causes: 1) medical inflation typically adding 5-10% per year, 2) increasingly expensive new technologies and treatment adding another 10-20%, 3) expanded number of people covered due to legal mandates (this applies both here and in Asia, 4) increased government spending as part of a health insurance reform laws. Still, regardless of the underlying causes, this phenomenal year-after-year growth in such a hugely important industry has the abiltiy to change our society in ways we have not fully comprehended. My blog universalhealthinsurance has been covering this specific issue for years and now it seems to finally have caught the attention of other media.

WSJ Professional Article – WSJ.com

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: