The only way to lower the cost of healthcare is to LOWER the cost of healthcare. RBP and PPO Discounts are two ways to address the issue. Two completely opposite ways to address that issue. As with most things, your perspective matters. There are good reasons for each –and sometimes they work in tandem. Has anyone ever …
When we have to manage a large expense at my firm, we map out our needs and wants and then figure out how to make our budget work. I imagine you go through a similar process at your business. Do you do that for your healthcare budget? Do you perform the same oversite to your healthcare budget …
The Chinese character for crisis contains two symbols –danger and opportunity. I think this is an accurate depiction of 2020!! And, yes, of the danger and opportunity in your health plan also. Conservative folks, and underwriters are absolutely conservative folks, have a hard time managing (pricing for) risk, in an uncertain market. This is the danger for …
Last week we talked about how insurance drives the cost of care. This week, I am going to talk about control. I imagine you have a high degree of control in how you run your business. Would you be interested to know that you can use the same principles to guide your health plan… and free up cash …
If you are like most people –employers, employees, patients –you probably think that healthcare is expensive. Sometimes… but usually it is just expensive when the insurance “apparatus” gets in the middle. Would you prefer to pay $1860.97 for a CMP … or $12 Would you prefer to pay $9900 for a colonoscopy or $1852? Learn how here: https://youtu.be/eP56tQlonOM …
An insurance carrier is being sued again for “cross-plan offsetting.” I imagine that is a new term for most of you… It is a cost-containment tool that penalizes employers. And, we are not going to pick on any one insurance company… I suspect every insurance company does this. So… what is it, why is it costing …
Never insure anything you can afford to replace is good insurance advice… yet we do exactly the opposite with our healthcare budget. This might be a brand new take on health care payment strategies in a way that will bring you faster, better results. See the thing is, when most people when they talk about health care …
Armies march on their bellies said Napoleon Bonaparte… and Health Plans run on their Summary Plan Description (plan document). When you think about it like that, can you see how your plan document makes it simple to bend your health care plan to your goals and budget? When most people talk about plan documents, they shrivel …
Want a brand new take on your healthcare budget?How about 100% Healthcare Coverage in a way that will bring you faster, better, shinier results. Industry Experts are not talking about 100% coverage… what you are typically hearing is….. we have negotiated the best renewal we can… the benchmark increase is 8% and we have negotiated yours …
Here is a brand-new take on The Pareto Principal… let’s call it the Lack (thanks to Craig Lack!) Principal: 10% of your employees are driving 90% of your costs. When most people talk about The Pareto Principal, they don’t think it applies to benefits. Take a look at your claims data (you have that… right?) You will …
