The League of Life and Health Insurers of Maryland, Inc. (The League) was formed in 1989 to serve the life and health insurers in Maryland in meeting their legislative and regulatory needs. For almost 30 years, The League has served as the trade association for the life and health insurance industry and remains a leading voice before the Maryland General Assembly, the Maryland Insurance Administration, the Maryland Health Benefit Exchange, and other state regulatory agencies on insurance.
Hospital prices are the leading driver of the 320% increase in insurance premiums that Americans have experienced over the past 25 years. Since 2000, prices at hospitals have grown faster than prices in virtually any other sector of the economy.
Life insurer investments allow us to keep our promises to policyholders, delivering stability even in unpredictable times.
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Did you know? In 2024, health plans spent $1.3 billion more on prescription drug costs than the year before, an increase of 9.5%. 🤯
The cost of prescription drugs is rising year after year, and it’s increasing faster than overall medical spending and premium growth.