Health & Welfare Funds in the US - Industry Market Research Report

Health & Welfare Funds in the US - Industry Market Research Report

  • October 2020 •
  • 46 pages •
  • Report ID: 398014 •
  • Format: PDF
Benefits package: As people return to the workforce, health and welfare funds will expand


Health & Welfare Funds in the US
Over the five years to 2019, Health and Welfare Funds industry revenue is expected to rise. During this period, rising premiums and surging financial markets are expected to boost contributions and investment income for industry operators. A consistent increase in healthcare expenditure (i.e. medical cost inflation) is expected to force industry operators to consistently raise premiums and increase reserves to ensure healthcare liabilities are properly funded. Increasing healthcare costs have led companies to cut employee costs, including healthcare benefits, thereby stunting revenue growth.During the five-year period to 2024, the industry is expected to grow modestly, supported by moderate investment returns and steadily rising employee premiums. The industry will remain susceptible to healthcare reform as it affects demand for private health insurance, a major competitive threat for the industry.

This industry comprises legal entities (i.e. funds, plans and programs) that provide medical, surgical, hospital, vacation, training and other health- and welfare-related employee benefits, exclusively for the sponsor’s employees or members. Unlike private insurers, health and welfare funds operate on a nonprofit basis for the benefit of members and their sponsors, not shareholders.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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