Last week when I wrote about the relationship between health care premiums and obesity rates, a number of people both on BenefitsPro and in person mentioned to me how premiums are much more a function of claims paid than of the relative health of the participants.
Of course, there is a relationship between premiums and health, but as we saw last week it's one that's unexpectedly not inverse.
This week I took a look at whether premiums can be used to predict claims. Unfortunately, claims paid are only required to be reported on health policies that use experience related contracts, which represent a very small minority (around 7 percent) of health plans filed. More on this shortcoming of the 5500 next week.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
