Trends Report

The Top Five Trends For US Health Insurers In 2024

Health Insurers Look To Balance Cost Cutting And Differentiation

February 20th, 2024
Arielle Trzcinski, Principal Analyst
Arielle Trzcinski Principal Analyst
With contributors:
David Hoffman , Shannon Germain , Judy Weader , Alla Valente , Julie Ask , Tiffany Do , Peter Harrison

Summary

Health insurers enter 2024 facing several challenges, including rising medical costs, decreased consumer trust, the need to navigate the upcoming election, and pressure for price transparency. They will need to do more with less, implement cost-cutting measures, and leverage AI to streamline processes. Additionally, they must focus on enhancing the customer experience to drive retention and loyalty while also managing their brand reputation. Health insurance leaders should read this report to understand the top five health insurance industry trends in 2024 and how they should respond to set their businesses up for success.

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