U.S. employers will increasingly self-fund their group health insurance plans as a result of the Affordable Care Act, according to a recent survey of more than 300 health insurance executives by Munich Health North America, a subsidiary of Munich Re.
Eighty-two percent of respondents said they have experienced a growing level of interest among employers in self-funding their group health insurance plans over the past 12 months, with nearly one-third (32 percent) stating that interest has increased "significantly."
Health insurance organizations expect to see growth in their self-funded or Administrative Services Only (ASO) portfolios as a result of this trend towards self-funding. Of those surveyed, nearly 7 in 10 (69 percent) plan on growing their self-funding or ASO portfolios over the next year.
The study polled 326 executives representing health plans, health maintenance organizations and disease management firms, as well as health insurance brokers and agents.
Munich Health is one of three business segments of Munich Re, and includes all international healthcare business in insurance and reinsurance operations, as well as related services are pooled under the Munich Health brand.
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