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In our experience, the cost of health insurance is the second largest expense behind payroll for most employers. Medical costs are trending upward and continue to outpace regular inflation while prescription costs are increasing at an alarming rate. Simple plan design changes no longer have the impact they once had to reduce premiums, yet premiums are rising in a way that is unsustainable.

Employers are increasingly considering alternative funding to control this growing expense — particularly self-funding, as it can help them spend their money in a cost-effective way and serve their population with the benefits they actually need.

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