Reference Pricing Can Reduce Medical Outlays, Costs

In an effort to coax health plan participants to use price-shopping behavior when deciding on where to have a procedure, more insurers are starting to roll out a system known as “reference pricing.” With reference pricing, the health insurer imposes a limit on the amount it will pay for a particular procedure – a limit [...]

By | 2019-11-26T11:49:44-08:00 November 26th, 2019|Healthcare|0 Comments

Large PBMs Balk at Push to Reduce Drug Prices

In a move that exemplifies the potential conflict of interest that some large pharmacy benefit managers have, the nation’s largest PBM earlier this year said it would demand that rebates remain unchanged when drug makers roll out new price cuts. Drug makers earlier in the year said they would start reducing prices as well as [...]

By | 2019-11-19T12:16:12-08:00 November 19th, 2019|Uncategorized|0 Comments

How to Get the Benefits of Self-Funding without the Risks

There are typically two approaches to securing health coverage for your staff – group health insurance or self-funding.  Self-funding, however, can be costly and risky and is usually only done by larger organizations with thousands of employees. But there is a hybrid model that can help small and mid-sized employers provide their staff with affordable [...]

By | 2019-11-12T11:56:46-08:00 November 12th, 2019|Uncategorized|0 Comments

Your Last-Minute Open Enrollment Checklist

By now you should be prepared and ready to go for your 2020 employee benefits open enrollment. You should have all your plan documents and have prepared or held presentations for your staff to explain the benefits package and any major changes to the plans that you offer.  Employees should be familiar with how to [...]

By | 2019-11-08T10:02:32-08:00 November 8th, 2019|Open Enrollment|0 Comments
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