Market Trends of United States Dental Insurance Industry
This section covers the major market trends shaping the US Dental Insurance Market according to our research experts:
Government Initiatives Boosting Dental Insurance Market in the United States
Biden announced a Build back better plan, which provides dental coverage for those on Medicare, nearly half of whom did not visit a dentist in 2018, well before the pandemic paused dental appointments for many people. The 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 began in late 2020.
Rising Dental Surgeries Cost in United States Driving the Market
Dental cost in the United States is very expensive, and prices are surging every year. 60% of Americans said they had not visited a dentist within the last 12 months due to high cost. The average uninsured price of X-rays is USD 187, and filling for just one surface is USD 250, while a root canal for a front tooth can cost around USD 1100. So having dental insurance can cover USD 1000 to 1500 for a patient.
According to a study conducted by the National Association of Dental Plans, 68% of people who don't have dental insurance visited dental care, whereas 88% of people having dental insurance used their dental benefits. So dental insurance is a worthy investment, and the number of people taking insurance may rise in the future.
