Economic inflation has emerged as the leading concern in the US Healthcare insurance market, according to the 2023 US Healthcare Market Outlook by Risk Placement Services (RPS), with social inflation, regulation and diverging carrier strategies all increasing the uncertainty in the market.
- Social inflation is causing carriers to withdraw from some areas of the market.
- The market is diverging on strategy, with some carriers pricing for market share.
- Nuclear verdicts are an increasing concern for hospitals, senior living and behavioral health.
- Regulation in some states is impacting caps and driving up claims costs.
- Staffing challenges are introducing new risks for medical facilities and insurers.
Read more in the full market outlook.