The Changing Landscape of the Health Insurance Market (2010)
1.
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Luck is what happens when
preparation meets opportunity.
- Seneca
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The New
Landscape
• Turbulence
• Fear
• Pressure
• Powerlessness
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ACA Isn’t the
Real Problem
to Fear
What happened to…
• Travel agents?
• Mortgage brokers?
• Real estate agents?
The Internet happened!
8. Visits to Health
InsuranceSites
Declining, but
Visits to
Insurance Info
Sites
Increasing
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Luck is what happens when
preparation meets opportunity.
- Seneca
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Opportunity is
here!
Let’s look at
some numbers...
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17 Million
currently in individual
health insurance
market
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17 Million
currently in individual
healthinsurance market
30 Million
more once
guaranteed issue
arrives
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17 Million
currently in individual
healthinsurance market
30 Million
more once guaranteed issuearrives
15 million
will qualify for
subsidies
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17 Million
currently in individual
healthinsurance market
30 Million
more once guaranteed issuearrives
15 Million
more health
insurance shoppers
will now be looking
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17 Million
currently in individual
healthinsurance market
15 million
more healthinsurance shopperswill now
be looking
32 Million!
Your individual
market just doubled
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32 Million
previous + new additions to market
51 Million currently in
small group market
Estimate 25% leakage
into exchanges
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32 Million
previous + new additions to market
+
13 Million
leakage from group
to individual health
insurance market
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45 Million!
Projected market
size of individual
health insurance
market
19. 4 Keys to
Survival in the
New Health
Insurance
Landscape
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• Greater Efficiency
• Higher Productivity
• Diversified Offering
• Online Marketing
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Do you want fries with that?
22. Diversified
Offering
LinkedIn: #reynaldovillar | Twitter: @reyvillar | Slideshare: slideshare.net/reyvillar
How will you be helping health
insurance shoppers?
• Life insurance
• Critical illness
• Accident
• Annuities
• Property and casualty