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4 Statistics About the Employer Health Care Crisis

May 5, 2021

American health care is in a crisis today. By most measures, we are getting a relatively average product even though we spend some of the most money in the world on it. Given that about half of Americans receive their health insurance coverage from the workplace and that costs are doubling every 10 years¹ for …

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3 Reasons Price Transparency Tools Don’t Reduce Health Care Spending

April 7, 2021

Much has been made of the potential for price transparency tools in health care to solve the high costs of health care that affect Americans. Washington and state legislatures have demonstrated a belief in the potential of these tools and the industry expects many ripple effects from the price transparency rule that became effective the …

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Mental Health Support in the American Rescue Plan Act of 2021

March 11, 2021

The $1.9 trillion coronavirus relief package, the American Rescue Plan Act of 2021 (H.R. 1319) was passed by the U.S. House of Representatives and signed into law this week. The bill is enormous and includes funding and provisions for many facets of the U.S. economy. Specifically, this post will cover the key provisions that support …

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Five Employee Benefits Trends for 2021

March 1, 2021

 Today, we’re sharing with you five employee benefits trends for employers in 2021! The general theme for employee benefits in 2021 is the increasing interplay between technology and data. This interplay impacts everything in healthcare and employee benefits, such as utilization, spending, behavioral health, and beyond. Telehealth With the disruption caused by the COVID …

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What to Know About the Second Round of the Paycheck Protection Program (PPP)

January 14, 2021

In a time with so much instability, uncertainty, and economic duress, some good news comes out of Washington D.C. for small businesses. The Paycheck Protection Program is a government response to the economic disruption caused by the COVID-19 pandemic. The first round provided critically needed funds to companies to stay afloat, meet payroll, and survive …

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What does Stop-Loss Insurance Cost?

October 16, 2020

Stop-loss insurance is a key part of the self-funded group’s risk management program. While self-funding health benefits has its advantages, these plans do carry greater financial risk than purchasing traditional, fully-insured health plans from major carriers. It’s important to understand both how stop-loss insurance works and how much it costs. Costs for Groups with Self-Funded …

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Types of Value Based Care Models

October 9, 2020

With the United States spending  nearly 18% of it’s GDP on health care, which works out to $3.6 trillion or $11,172 per person, pressure for reducing costs is growing. U.S. health care spending grew 4.6% in 2018. If that continues, our system will eventually be forced to change. To make change today, many organizations are …

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Statistics about Stop-Loss Insurance and Claims

October 6, 2020

Most large employers self-fund their health insurance and medical benefits rather than using traditional health insurance. This gives them opportunity for savings but does expose them to large and catastrophic claims. While an employer can realize the benefits from exercising more control over their healthcare savings, they could find themselves in the red due to …

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