DUBLIN–(BUSINESS WIRE)–The report “United States Dental Insurance Market – COVID-19 Growth, Trends, Impact and Forecast (2022 – 2027)” has been added to from ResearchAndMarkets.com offer.
Dental insurance in the United States exceeded USD 80 billion in 2021 and is growing at a significant rate. 30% of adults in the United States do not have dental insurance, of those nearly 6 million said they lost dental insurance due to COVID-19 benefit changes or job losses, and employer-sponsored coverage decreased by 0.2% each week during the COVID -19 pandemic.
The implementation of technologies helps customers with value-added services and provides dental insurers with many opportunities. This can help insurers optimize the claims process and avoid manual claims adjudication processes, prevent insurance fraud, and deflect over-diagnosis and misdiagnosis.
Main market trends
Government initiatives boosting the dental insurance market in the United States
Biden announced a Build back better plan that provides dental coverage for people on Medicare, nearly half of whom didn’t see a dentist in 2018, long before the pandemic put dental appointments on hold for long. many people. Rates were even higher for black (68%), Hispanic (61%) and low-income (73%) seniors. Many states have added dental benefits to their Medicaid coverage for low-income residents in recent years. Idaho started coverage in 2018 and Delaware started in late 2020.
Rising cost of dental surgeries in the United States is driving the market
Dental cost in the United States is very expensive and prices are rising every year, 60% of Americans said they had not seen a dentist in the past 12 months due to high cost, average price uninsured x-rays is $187 and filling for just one surface is $250 while root canal for a front tooth can cost around $1100. So, having dental insurance can cover 1000 to 1500 USD for a patient.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 DYNAMICS AND OVERVIEW OF THE MARKET
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 DISCLAIMER AND ABOUT US
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