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Sidecar Health is an American health insurance company headquartered in El Segundo, California. The company offers major medical plans for midsize and large companies based in Ohio, Georgia and Florida with members across 44 states.
Reinsurance sidecars, conventionally referred to as "sidecars", are financial structures that are created to allow investors to take on the risk and return of a group of insurance policies (a "book of business") written by an insurer or reinsurer (henceforth re/insurer) and earn the risk and return that arises from that business.
Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP). [2] According to the CDC, during 2015, health expenditures per-person were nearly $10,000 on average, with total expenditures of $3.2 trillion or 17.8% of GDP. [3]
Medical care ratio (MCR), also known as medical cost ratio, medical loss ratio, and medical benefit ratio, is a metric used in managed health care and health insurance to measure medical costs as a percentage of premium revenues. [1]
Costs per stay increased 47% since 1997, averaging $10,000 in 2011 (equivalent to $13,544 in 2023 [31]). [132] As of 2008, public spending accounts for between 45% and 56% of US healthcare spending. [133] Surgical, injury, and maternal and neonatal health hospital visit costs increased by more than 2% each year from 2003–2011.
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Sidecar Health, an American health insurance company; Sidecar (company), a defunct transportation network company that was based in San Francisco; Reinsurance sidecar, a type of insurance; Blackburn Sidecar, an early aircraft; Sidecar TT, a motorcycle sidecar road race; The U.S. Forest Service calls side-by-sides sidecars.