Health Insurance Industry Issues and Legislation

The Business Group of Health predicts a 6% increase in healthcare costs in 2024. In their recent study, employers identified four key drivers of healthcare costs - three that will increase costs and one that can help control them. The huge costs of new pharmaceuticals, pharmaceutical costs overall, and treatment of mental health issues top the list. The study also identified tactics employers use to address controlling costs in 2024.

One tool smart self-funded payors will use again in 2024 to help ensure they pay only an appropriate amount for the services their plan enrollees receive is HHC Group's cost containment services. Utilizing published and proprietary databases and their decades of experience, HHC's attorney case managers will again be saving our clients millions of dollars on both their in and out-of-network claims.

Each year, Time chooses the 200 innovations it believes "will change the way we live". In the medical care arena, life sciences dominated their choices. Time selected 12 MedTech and biopharma companies for their treatments for everything from weight loss and diabetes to Alzheimer's, high preeclampsia blood pressure, and early cancer detection.

From artificial intelligence algorithms to diagnose diabetes, watches track people's vital signs, and direct mobile integrated care, new health tools and technologies just keep on coming. The challenge for self-funded plans is how to harness them to improve outcomes and control costs. Smart plans use data to design plans to better target, manage, and communicate with high-risk people, evaluate plan design options, and implement new strategies.