Health insurance offers have held steady of the five-year period among large employers, so the nationwide decline in insurance offers across all firms has been more moderate. Minnesota bucked the trend in terms of the share of small employers offering health insurance in 2015, with the state's rate increasing from 2014. A new University of Minnesota report shows the nationwide decline in small businesses offering health insurance continued in 2015, with the offer rate falling to just under 30 percent. For years, there have been concerns that many small business just can't afford offering coverage given never-ending increases in the overall cost of health care. Over five years, large employer offers have declined slightly in Minnesota, according to the report, while there's been a more pronounced downward trend among the state's small employers.
Home-grown mid-market private equity firm Arth Capital is partnering Rajesh Relan, the former managing director of PNB MetLife Insurance, to float a health insurance company, a media report said. Relan has filed an application seeking approval for the health insurance company with Insurance Regulatory and Development Authority (IRDA), The Economic Times reported. Private equity and venture capital investments in the health insurance sector has, of late, been muted. The new entity, Aspire Health Insurance, will have an initial corpus of Rs 100 crore and the promoters will subsequently pump in another Rs 250 crore. The private equity firm, which was launched by Sumit Chandwani and Anish Modi in 2012, shelved its fund-raising plans after it became difficult to raise money from limited partners.
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