A lack of awareness of healthcare prices is failing employees
Only 9% of adults shop around for the best healthcare prices. Healthcare guidance platform Amino seeks to provide clarity to make more employees aware of the No Surprises Act.
Healthcare costs
Can a subscription model fix primary care in the U.S.?
The appeal of these companies has grown as employers increasingly seek to address a shortage of high-quality primary care and reduce spending on the health of their workforce.
High healthcare costs are pushing employees to put procedures on hold
Employees are concerned that they cannot afford necessary care and are confused about what their health plans cover.
JPMorgan launches new venture to again grapple with healthcare
The largest U.S. bank is launching a business called Morgan Health aimed at improving employee benefits and promoting health equity.
Health plans need to gird for post-COVID surge in expenses
COVID concerns led millions of patients to put off routine care and screenings in 2020, so health plans will need to rethink how they forecast expenses.
On-Demand Webinar Aon study shows savings on client claims costs
An independent study by Aon showed how clients lowered their healthcare costs with personalized advocacy—beginning in the first year of service.
Benefits Think What employers can do about the threats to employee mental health
Mental health needs and disorders are the single most expensive category of health costs for employers of all sizes and across all industries.
Charlotta Winslow-Jenkins
ArmadaCare
Humana to join Cigna drug-buying group
Beginning April 1, Humana will join a Cigna purchasing organization called Ascent Health Services to give it access to greater discounts from drugmakers.
Benefits Think The top disruptive benefit trends to watch in 2021
Innovative advisers are driving two disruptive benefits trends that both improve the quality of care and reduce year-over-year healthcare costs.
Benefits Think 4 steps employers should take to prepare for higher healthcare costs
What will happen when patients finally feel comfortable returning to their healthcare providers’ offices? One survey projects a possible 5.3% increase in health plan costs for large employers in 2021.
Dr. Miles Varn
PinnacleCare
Seniors face crushing drug costs as Congress stalls on capping Medicare out-of-pockets
Unlike private health insurance, Part D drug plans have no cap on patients’ 5% coinsurance costs once they hit $6,550 in drug spending, which forces patients to rely on financial assistance programs. These arrangements, however, do nothing to reduce drug prices.
Food for thought: Nutrition programs spike employee productivity
With the holiday season approaching, employees may be indulging more and focusing less. An employer-provided nutrition program can help workers practice healthy habits.
Why employers find it so hard to test for COVID
Across the nation, workplaces have been the source of major coronavirus outbreaks — largely among the so-called essential workers who bear the brunt of COVID infections and deaths.
Surprise federal drug rule directs insurers to reveal what they pay for prescription drugs
Health insurance companies will have to give their customers estimated out-of-pocket costs for prescription drugs and disclose to the public the negotiated prices they pay for drugs.
Benefits Think How benefit advisers can hold healthcare plans accountable for their prices
In order to discern which health plans offer the best bang for member bucks, benefit advisers need to understand the economics of healthcare today.
Alan Cohen
Centivo
Benefits Think Tackle growing healthcare costs with earned wage access
Every delayed preventative screening, test or check-up can result in a failure to discover a serious medical condition that requires treatment. That raises treatment costs down the line for both company health plan and employee.
Larry Meyers
PayActiv
Benefits Think How employee financial stress increases healthcare costs
A workforce with a greater number of financially stressed workers sees a greater number of sick days, higher healthcare costs, and increased absenteeism.
Dan Macklin
Salary Finance
Employers expect healthcare costs to jump 5% in 2021 amid coronavirus pandemic
The overall impact of the crisis adds uncertainty about projected costs.
Benefits Think Do you have a plan for helping employees with high COVID-19 care costs?
Employers can help employees prepare for and manage high healthcare costs related to COVID-19 as well as large medical bills related to other health conditions such as serious illness or accidents several ways.
Dr. Miles Varn
PinnacleCare
Benefits Think Will virtual doctor visits support healthcare’s drive to value?
While it does not solve all problems, virtual care offers a highly flexible, low resource approach that, with many patients, can deliver a positive care experience with equal or better quality at lower cost.
Brian Klepper
Worksite Health Advisors