For years now, as healthcare costs continue to skyrocket, U.S. employers large and small have shifted toward self-funded healthcare plans. This trend has created significant demand for stop loss insurance as an effective way for companies that self-fund to protect themselves against potentially catastrophic financial risks. After four years of double-digit growth in the industry, what is on the horizon for the stop loss insurance sector as we enter 2023?
Mark Lawrence, president of HM Insurance Group, will share his insights about:
- Inflationary pressures and the rising interest rates affecting hospital systems, medical care costs and contract costs — and how stop loss insurance is impacted.
- Advancements in medical technology that benefit society as a whole but contribute enormously to cost challenges for self-funded employers and stop loss carriers.
- The availability of generic drugs and the coming pipeline of new therapies affecting pharmaceutical claims costs for the stop loss insurance industry.
- How carriers can position themselves to weather the challenges from multiple global crises and rising claims costs.
Listen to the podcast 2023 Trends in Stop Loss Insurance. For more information about stop loss insurance visit