September 2016 •
Volume 18 •
Issue 9
Providing Current Information on
Health Insurance Industry Issues and Legislation
The Rush to Self-Insure for Healthcare Continues
Rising healthcare costs and the pressures created by ever increasing employee
deductibles are driving more and more small and mid-sized companies to selfinsure
for healthcare. From 2013 to 2015, the percent of companies with 100 to 499
employees self-insuring grew by 19% to 30%. The percent of firms with less than
100 people self-insuring increased by 7% to 14%, Looking ahead, the percentage of
companies moving to self-insure is expected to grow by 35% in the next two years
to 38%, according to an Arthur J. Gallagher & Company survey.
deductibles are driving more and more small and mid-sized companies to selfinsure
for healthcare. From 2013 to 2015, the percent of companies with 100 to 499
employees self-insuring grew by 19% to 30%. The percent of firms with less than
100 people self-insuring increased by 7% to 14%, Looking ahead, the percentage of
companies moving to self-insure is expected to grow by 35% in the next two years
to 38%, according to an Arthur J. Gallagher & Company survey.
Higher Prescription Drug Prices – Blame Washington
Prescription drug prices are higher in the United States than in any other country
in the world. The "most important factor" is the federal government's creation of
government-protected "monopoly" rights for drug manufacturers, according to
researchers at the Harvard Medical School.
in the world. The "most important factor" is the federal government's creation of
government-protected "monopoly" rights for drug manufacturers, according to
researchers at the Harvard Medical School.
Innovations on the Way to Help Control Costs - Improve Outcomes
Rising costs and inconsistent outcomes continue to plague the healthcare industry.
Employers' 2017 healthcare insurance costs are projected to increase by 6% for the
third year in the row. The good news is that there are a wide variety of innovations
coming that have the potential to improve care and health outcomes, while helping
to contain healthcare costs and spending.
Employers' 2017 healthcare insurance costs are projected to increase by 6% for the
third year in the row. The good news is that there are a wide variety of innovations
coming that have the potential to improve care and health outcomes, while helping
to contain healthcare costs and spending.
Employee Deductibles Increase a Whopping 50%
The median in-network deductible shot up from $1,000 in 2015 to $1,500 in
2016 for employer-sponsored Preferred Provider Organization plans, according
to a just released United Benefit Advisor's survey. The survey also found that
employees are shouldering more of the cost of emergency room visits and outof-
network services.
2016 for employer-sponsored Preferred Provider Organization plans, according
to a just released United Benefit Advisor's survey. The survey also found that
employees are shouldering more of the cost of emergency room visits and outof-
network services.
Three Star Preferred Provider Program Additions
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Ashland, OR 97520 Bennett Eyecare Midwest-No Platte City, MO 64079 Big Horn Basin Bone & Joint Cody, WY 82414 David Cavanaugh Alexandria, VA 22307 Elite Anesthesia of Florida New Windsor, NY 12553 Faith Medical Associates Cleveland, OH 44104 Genesis Healthcare System Cleveland, OH 44193 |
Gouveneur, NY 13642 Northeast Ambulance Services Ravenna, OH 44266 Pelican Medical Marketing Frisco, TX 75034 Randal Garvey, DDS Mechanicsburg, OH 43044 Rolling Meadows Care Waynesburg, PA 15370 United Pathology Associates Houston, TX 77063 |
