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Group Health Insurance

Overview

If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Group Health Insurance procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Group Health Insurance, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Group Health Insurance - Recent Price Trend

In the three years to 2018, group health insurance premiums have been rising at an estimated annualized rate of 3.6%, pressured upward by insurers’ growing costs. Health insurers have allocated more revenue toward claims and benefits, especially as healthcare providers have charged plan participants higher prices for their services. Additionally, the introduction of the PPACA has introduced a.

Group Health Insurance - Total Cost of Ownership

The total cost of ownership for group health insurance is low because the insurer bears most hidden costs associated with the coverage. For example, the insurer reimburses healthcare providers for servicing clients, saving buyers from having to pay everything out of pocket. Insurers also manage most of the administrative tasks involved with health insurance, reducing the buyer’s cost burden.Other.

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About this Report

This report is intended to assist buyers of group health insurance. These policies cover a portion of healthcare costs for a group of people, such as employees of a business or organization. Group health insurance policies are often uniform, whereby the same types of benefits are offered to all participating members of the group. Insurers offer several types of managed care programs, which can include health maintenance organizations (HMOs), preferred provider organizations (PPOs) and point of service (POS) plans. This report excludes life insurance, disability insurance, vision insurance or dental insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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