Four of five U.S. companies have raised deductibles or are considering doing so as health costs increase, according to a Mercer survey of more than 700 employers.
While health insurance companies are introducing themselves to customers in new markets through new channels, 41% of existing health plan members feel they do not have enough coverage for routine visits, serious illness or injury, health and wellness programs, routine diagnostics and drug coverage, says new research from J.D. Power.
The percentage of Americans who currently obtain health insurance coverage through their employers continues to drop, indicating an ongoing trend among benefit plan sponsors and HR decision-makers to shift costs to public and private exchanges.
The private and public exchanges offer employers an opportunity to help manage costs and provide personalized benefits, but there is no one-size-fits-all solution, industry experts say.
By bundling all costs for the surgery under one negotiated price and offering expertise that lowers the odds of complications, the Cleveland Clinic can give employers a better deal than some hospitals closer to employees' homes.
Looking toward the end of 2014 open enrollment in the Affordable Care Acts health exchanges, Gary Cohen, director of the Center for Consumer Information and Insurance Oversight, said Thursday at an AHIP conference that the Centers for Medicare and Medicaid Services is expecting a fairly significant spike in enrollments."
Despite a reported 4.4% increase in employer health care costs in 2014, the majority of large U.S. employers say they are more inclined to maintain benefits to active employees, but will modify plans and continue to shift over costs to their employees.
A new study from PricewaterhouseCoopers finds consumers are a lot less focused on the price of their plan than insurance executives believe them to be.
Commentary: The Catalyst for Payment Reform scored each state on its level of health care cost transparency 29 received an F, only two scored an A. Transparency of health care cost and quality must be the founding principle of sustainable change, says Borislow Insurances Mark Gaunya.
President Barack Obamas fiscal 2015 budget proposal includes nearly $14 million for the Department of Labor to combat the misclassification of workers as independent contractors, which renders them ineligible for certain benefits and protections under the law.
The Affordable Care Acts ongoing rollout is likely to spark many employers to take action within their benefit plans. Whether it is utilization of a high-deductible health plan or emphasizing voluntary options, employers say that a change is imminent, according to a new studys findings.
The Obama administration last week said it will offer relief to consumers unable to purchase health insurance through state-run exchanges that have been hampered by technical difficulties.
The operator of a private HIX platform for small and large employers has teamed up with a global leader in entertainment payroll, residuals and other integrated production management solutions to fill health care coverage gaps in an industry known more for who is appearing in front of the camera.
As Affordable Care Act health plans continue their rollout, a new nationwide analysis finds that public health exchanges continue to exclude the same medical services, across the board.
The benefits industry is pushing back against a campaign by some policy-makers to increase federal oversight of self-insured health plans, particularly in regards to the purchasing of stop-loss insurance.