X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
 Brokers may agree or disagree with free-market approaches, but the one thing they can’t do is ignore them.

Federal and state regulators find it hard to resist getting involved in the health care system. Although the effects of public sector participation are debatable, one thing is certain: Health-care costs continue to skyrocket, creating an opening for private-sector alternatives.

“What costs $1 today will cost $1.50 by 2022 if we follow the current trend and if we have to finance risk,” says Daniel Meylan, national sales director for Allied National in Overland Park, Kansas. “In 2012, we had one claim over $1 million per 17,000 population. By 2017, it was one per 9,100. That is almost a 90 percent increase in the frequency of million-dollar claims. If you project that to 2020, it’s going to be a 232 percent increase over what it was in 2012.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.