Navigation Links
Florida's Small-Group Health Insurance Grew in First Half of 2008, Though Economic Downturn Likely to Halt Upward Trend
Date:12/4/2008

NASHVILLE, Tenn., Dec. 4 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that the small-group health insurance market grew 5 percent in Florida through the second quarter of 2008. According to the latest Florida Health Plan Analysis, this growth trend likely will not be sustained as the economy slows and healthcare spending decreases.

"Small-group coverage is critical in Florida because small businesses represent about 90 percent of business in the state. While through the first half of the year, the Florida small-group insurance market remained resilient, this success is not likely to continue," said Roy Moore, analyst with HealthLeaders-InterStudy. "Florida's economy depends heavily on construction and tourism, which are obviously impacted by the economic downturn. In response, some employers are shifting more cost to the employee, while other companies are eliminating coverage altogether."

According to the report, one potential outcome of this spend reduction is the move to consumer-directed health plans, especially those with high deductibles, though such plans have not traditionally been popular in Florida.

The Miami-Fort Lauderdale-Pompano Beach and Tampa-St. Petersburg-Clearwater regions have been hardest hit in the state, losing more than 55,000 jobs combined in the past year. The resulting unemployment rate will likely impact UnitedHealth Group, which leads small-group enrollment in Florida, as well as Aetna and Blue Cross and Blue Shield of Florida, which also have significant small-group enrollment.

"UnitedHealth Group announced this week that it anticipates enrollment in its commercial health plans for employers to drop by as many as 1.5 million members in 2009," said Moore. "The reductions seen in Florida will likely be replicated in markets across the country."

Florida providers have indicated they are seeing more uninsured patients, and more patients who are under-insured and cannot pay their copays. Similarly, brokers and insurers are seeing employers tighten their healthcare spending. With the increase in charity care, providers are looking for relief from insurers, which has resulted in insurers passing on higher costs to existing clients.

Why Pharmaceutical Companies Need Health Plan Analysis

Health Plan Analysis identifies key health plan trends, allowing pharmaceutical companies to create comprehensive strategic plans and sales strategies at state and local levels. Updated quarterly, Health Plan Analysis provides a detailed look at plan design and financials, as well as information about mergers, legislation and other influencers driving healthcare in a particular region.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit http://www.HL-ISY.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

    For more information, contact:

    Lisa Osgood                         Elizabeth Marshall
    HealthLeaders-InterStudy            Decision Resources, Inc.
    781-296-2606                        781-296-2563
    losgood@hl-isy.com                  emarshall@dresources.com

'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Friendly Bacteria Improve Health Segment Broadcasts On The National Medical Report
2. ATS Medical to Participate at the RBC Capital Markets Healthcare Conference
3. HealthCare.com Launches Network of Healthcare Provider Directory Websites
4. iHealthSpot.com wins eHealthcare Leadership Award for Orthopedic Practice Website
5. Microsoft, Penn State Hershey Medical Center Showcase Road Map to Patient Flow Efficiencies at First Healthcare Provider Symposium
6. Perot Systems Awarded Contract to Implement Health Information System in Kingdom of Jordan
7. MAP Pharmaceuticals to Present at the 2008 RBC Capital Markets Healthcare Conference
8. Allied National Partners With Healthplace America to Provide Significant Healthcare Savings
9. Healthcare Workers Reach Tentative Agreement With Enloe Medical Center
10. TheCarrot.com Launches Mobile Health and Wellness Tracking Application on Apple App Store
11. NHHF Scholarship Program Targets Growing Demand for Diversity Among Health Care Professionals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to ... to save lost souls in the Philippines. “The Journey: From the Mountains to the ... teacher of the Bible. She has taught all ages and currently teaches a class ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and fastest ... to open a flagship location in Covington, LA at 401 N. U.S. Highway 190, ... next to Office Depot in the Holiday Square shopping center. Its location allows it ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
(Date:10/12/2017)... ... ... Leading pediatric oncology experts at Children’s National Health System will ... the International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired by Jeffrey ... Disorders at Children’s National, and Stephen P. Hunger, M.D., Chief of the Division ...
(Date:10/12/2017)... ... October 12, 2017 , ... In the United States, ... In some states—like New York, New Jersey, Massachusetts, Texas, Virginia, Connecticut, and California—the ... have extremely low property-tax rates, which contributes to the relatively lower cost of ...
Breaking Medicine News(10 mins):
(Date:9/18/2017)... PROVIDENCE, R.I. , Sept. 18, 2017 ... in the fields of bioinformatics and immune ... to develop a protective avian influenza A (H7N9) vaccine. ... is distantly related to seasonal influenza and ... approaches, which rely on prior exposure to be ...
(Date:9/12/2017)... Sept. 12, 2017   EcoVadis , the leading platform for environmental, ... first annual edition of its Global CSR Risk and Performance Index. The ... EcoVadis, based on Scorecard Ratings that analyzed nearly 800,000 data points across ... ... ...
(Date:9/12/2017)... , Sept. 12, 2017  ValGenesis Inc., ... Solutions (VLMS), is pleased to announce the appointment ... member of its Board of Directors and Chairman ... VLMS enables life science companies to manage their ... use of paper in this process. Furthermore, ValGenesis ...
Breaking Medicine Technology: