Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In today’s environment, people are hungry for integrity and appropriateness.  We use buzzwords like “transparency” for the demand for accountability.  This is reflected by a loss of trust brought about by inappropriate, sometimes erroneous, or even fraudulent billing practices paired with crippling pricing for health care.  And when we don’t trust the bill, we demand a breakdown – accountability for why a bill is inappropriately high.

PricewaterhouseCooper’s annual medical cost trend study predicts a rise of 4-10% in 2021.  Renal dialysis accounts for one of the most taxing health care costs on our nation’s economy.  And with the crippling costs of dialysis, some anticipate an extension of the 33-month coordination of benefits period due to the heavy burden on our Medicare system.

One business-owner here in Meridian, Idaho shared with me that health care for his employees was his biggest expense, and with an expected 20% increase in premiums expected next year, he is at a loss for how to provide the benefits he needs for the employees he cares about.  Many of the employers I have talked with who have previously not considered self-funding are now open to learning about this option because the pain of staying in a fully-funded plan that they can’t afford is overwhelming.

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?

Follow the Conversation


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

Copyright © 2022 ALM Global, LLC. All Rights Reserved.