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Healthcare costs mount on autopilot

Healthcare cost mountTalk to CFOs of companies to give you some valuable information on how and why health care costs continue to rise unchecked. A CFO simply indicates a rising trend of 15-25% of the cost of health care in their annual budget.
Um. Why?
If another vendor comes up with an annual increase of 15% of the costs year after year, there is always at least one appraisal by a third party to determine if a better price is possible, or even just to get leverage prices against the seller. But it seems that in the world of health care benefits are such a sacred cow that companies essentially change two variables: employee premiums and co-payment.
Frankly, it is very difficult to blame the “system” costs without end.
As companies began to push, this does not mean the end of rising medical costs. You roll up your sleeves, you get the best team in a room and start thinking creatively until you fix the problem. Well, by increasing employee premiums and co-payment is certainly not very creative. Establish strong incentives for employees to consider the costs of their consumption. Travel insurance is an excellent place to start is probably the biggest savings and immediate, but there are a number of ways to reduce your exposure to health care.
• We have heard first hand about life itself, a group of 700 financed by a 10% decline from year to year in their premiums this year stop-loss because they use a medical travel benefit. It is primarily to save money on travel medical benefits vs. our procedures. Again, this is a year * * over the year to reduce fixed costs

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