It's no secret that health care costs are rapidly rising, putting pressure on employers to seek relief for both their business and employees. According to the Peterson-KFF Health System Tracker, total national health expenditures in the United States grew by $111 billion in 2021 compared to 2020. Additionally, the last decade saw a 114% rise in premiums, further compounding the financial strain on employees and employers.
Health plans with reference-based pricing (RBP) are an effective cost containment strategy that is gaining momentum, with options becoming more sophisticated. Here are three next-evolution solutions to keep an eye on.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.