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Health system consolidation: Can employer groups, brokers survive it?

By Dan Cook Evidence suggests that consolidation among health systems leads to higher prices for services and stable or lower quality of care. Health care systems have been buying up one another, and physician practices, at an alarming rate. The 115 announced health care system deals in 2017 was a record, with 2018’s 90 close …

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Five Ways Employers Can Save on Health Care Costs

In recent years, many companies have been dealing with rising health care costs largely by transferring more of the expense and risk on to their employees. But some employers have found smarter, more creative ways to limit health costs without further burdening valued employees. Here are some of the best solutions: Pharmacy benefit managers. Pharmacy …

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HDHP

Employers Rethink HDHPs as More People Struggle with Medical Bills

As the number of employers offering high-deductible health plans continues growing, the spotlight recently has highlighted an inconvenient truth: some employees are going broke and filing bankruptcy because they cannot afford all of the out-of-pocket expenses and deductibles they must pay in these plans – just like the bad old days in the 1990s and …

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Red heart, stethoscope and paper chain family on wooden table

DOL Employers Expect 6% Hike in Health Costs for 2019

The IRS has released the inflation-adjusted amounts for 2019 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s employer shared responsibility provisions. For plan years beginning in 2019, the affordability percentage has increased to 9.86% (from 9.56% in 2018) of an employee’s household income or wages stated on their …

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Doping the market

Pharmacy Benefit Managers: A Break On Rising Prescription Costs Or a Cause of Them?

In 2015, spending on prescription drugs grew 9%, faster than any other category of healthcare spending, according to the U.S. Centers for Medicare and Medicaid Services. The report cited increased use of new medicines, price increases for existing ones, and more spending on generic drugs as the reasons for this growth. Increasingly, though, observers of …

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How to deliver value to your client

I was recently invited to the Workplace Benefits Renaissance Conference in Atlantic City NJ to speak on one of the Increasing Sales Revenue track – Optimizing Enrollment & Improving Employee Engagement.   The whole panel – moderator Ron Kleiman and fellow panelists Rachel Pennington and Adam Maggio – gave diverse views about how to effectively deliver …

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Healthcare Think Tank

It was such a pleasure to sponsor Adam L Hamilton, PE, the new President and CEO of Southwest Research Institute. He spoke at the October 25 Healthcare Think Tank luncheon. We talked about the stars, the oceans and everything in between.. even healthcare! We are incredibly fortunate to have SWI here is San Antonio!!

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