U.S. employers will increasingly self-fund their group health insurance plans as a result of the Affordable Care Act, according to a recent survey of more than 300 health insurance executives by Munich Health North America, a subsidiary of Munich Re.
Eighty-two percent of respondents said they have experienced a growing level of interest among employers in self-funding their group health insurance plans over the past 12 months, with nearly one-third (32 percent) stating that interest has increased "significantly."
Health insurance organizations expect to see growth in their self-funded or Administrative Services Only (ASO) portfolios as a result of this trend towards self-funding. Of those surveyed, nearly 7 in 10 (69 percent) plan on growing their self-funding or ASO portfolios over the next year.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
