Table 20. Total private health insurance financial experience: Calendar years 1977-86.
| Item | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 19861 |
|---|---|---|---|---|---|---|---|---|---|---|
| Amount in billions | ||||||||||
| Premiums | $48.0 | $53.6 | $62.0 | $72.6 | $84.4 | $98.7 | $109.7 | $121.5 | $130.1 | $140.7 |
| Benefits | 43.0 | 49.1 | 56.9 | 67.5 | 78.4 | 89.9 | 98.0 | 104.9 | 113.0 | 122.9 |
| Hospital care | 25.5 | 28.6 | 33.0 | 38.7 | 45.1 | 51.3 | 54.9 | 56.4 | 60.5 | 64.9 |
| Physician services | 13.0 | 15.0 | 17.1 | 20.0 | 22.8 | 26.6 | 29.6 | 33.3 | 35.5 | 38.7 |
| Dental care | 2.4 | 2.9 | 3.6 | 4.7 | 5.8 | 6.6 | 7.3 | 8.2 | 9.0 | 9.9 |
| Prescription drugs (non-inpatient) | 1.2 | 1.4 | 1.7 | 2.2 | 2.5 | 2.8 | 3.2 | 3.6 | 4.0 | 4.5 |
| Private duty nursing | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.8 |
| Visiting nurse service | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Nursing home care | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Vision care | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 1.0 |
| Other care | 0.4 | 0.5 | 0.7 | 0.9 | 0.9 | 1.1 | 1.3 | 1.6 | 1.9 | 2.6 |
| Net cost (premiums less benefits) | 5.1 | 4.5 | 5.1 | 5.1 | 6.0 | 8.7 | 11.7 | 16.6 | 17.1 | 17.8 |
| Administrative expense | 5.2 | 5.9 | 6.7 | 7.9 | 9.4 | 11.2 | 12.8 | 14.3 | 16.3 | 17.8 |
| Net underwriting gain or loss | −0.2 | −1.4 | −1.6 | −2.8 | −3.4 | −2.5 | −1.1 | 2.3 | 0.9 | 0.0 |
| Percent | ||||||||||
| Loss ratio | 89.5 | 91.6 | 91.8 | 93.0 | 92.9 | 91.1 | 89.3 | 86.3 | 86.8 | 87.3 |
| Combined ratio | 100.4 | 102.6 | 102.6 | 103.9 | 104.0 | 102.5 | 101.0 | 98.1 | 99.3 | 100.0 |
1
Provisional estimates.
SOURCE: Health Care Financing Administration, Office of the Actuary: Data from the Division of National Cost Estimates.