miEdge™ in conjunction with SourceMedia provides first ever large group health insurance marketplace ranking by state
October 21st, 2015, miEdge the premiere provider of Form 5500 health & welfare analytic solutions, announced marketplace ranking* for large group health insurance. The ranking provides listings for all 50 states from the most competitive marketplace to the least competitive.
Mark Smith, Founder & CEO of miEdge comments, "This ranking is unique and provides very interesting analysis. If you believe that pricing competitiveness is predicated on a larger number of strong competitors competing against each other, our ranking provides some very insightful analysis into how each state compares. One question that comes to mind; does it bode well for the competitive marketplace when there is less competition and/or when a state is controlled by just a few carriers?"
*The ranking considers several data points 1) how much of the large group health marketplace is controlled by one insurance carrier and 2) how much of the large group marketplace is controlled by the top 5 insurance carriers. The combined ranking provides a consolidated approach to ranking.
The states with the least amount of competition are 1. Maine 2. North Dakota 3. Iowa 4. Alabama and 5. Nebraska.
The states with the most amount of competition are 1. Wisconsin 2. New York 3. Alaska 4. Georgia and 5. Ohio.
*If you would like more detail on these rankings, please contact Mary Weiss, Chief Marketing Officer at 1-877-9mi-Edge
SourceMedia, an Observer Capital company, is a diversified business-to-business digital media company serving senior professionals in the financial, technology and healthcare sectors. Brands include Accounting Today, American Banker, The Bond Buyer, Employee Benefit Adviser, Employee Benefit News, Financial Planning, Health Data Management, Insurance Networking News and On Wall Street.
miEdge™ is the leader in prospecting solutions specifically designed for insurance professionals. The innovative miEdge solution utilizes Form 5500 data from the Department of Labor and applies proprietary business logic, along with algorithms and data cleansing to provide unrivaled data intelligence in an easy to use intuitive interface. miEdge technology solutions include; employee benefits health & welfare and retirement prospecting, health & welfare analytics and advertising solutions. Visit www.miedge.biz to learn more.