In 2023, the complementary private health insurance coverage in the US stood at 33.95 million persons. The forecast data indicates a consistent annual growth, with coverage increasing to 34.91 million by 2024 and continuing to 38.81 million by 2028. The year-on-year growth rates for 2024-2025, 2025-2026, 2026-2027, and 2027-2028 are approximately 2.9%, 2.8%, 2.6%, and 2.5%, respectively. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be around 2.8%.
Key future trends to watch include potential impacts of healthcare policy changes, demographic shifts leading to increased demand, and innovations within insurance product offerings that could drive further growth in complementary private health insurance coverage.
