Healthcare Insurance Trends

Market: In 2022, 55 new insurers entered the market (a 21 percent increase over 2021), marking the highest growth in participation since 2015 (310 insurers), when participation grew 26 percent.
Products: 50 percent of total insurer product offering growth between 2021 and 2022, accounting for a larger share of total growth than during any of the previous four years, highlighting insurers’ strategy of competing on the number and variety of offerings in the changing marketplace.
Plans: Since 2014, participation of exclusive provider organization (EPO) plans has quadrupled to 36 percent as a share of all plan type offerings.
Silver (38%) and bronze (37%) plans account for the majority of market offerings in 2022, representing 75 percent of available options nationally. In 2022 Bronze plans have seen the most growth to 37% of plan offerings.
Blues have been the most accessible insurer type each year since 2014, with at least 80 percent of consumers consistently having such a plan available to them.

Aging Trends

The health workforce (including physicians, nurses and midwives, dentistry personnel, and pharmaceutical personnel) fell short by approximately 43 million in 2019.
A McKinsey report of November 2021 revealed that 32 percent of surveyed registered nurses are likely to leave their current position within one year, a 10 percent increase from ten months prior.