Oct 29, 2024 | Alternative Reimbursement Strategies, Chronic conditions, Client Report, Cost projections, Cost Savings, Direct-to-Employer Contracting, Drug costs, Fair market reimbursement, Forensic claims review, Health care costs, High-cost claims, MedBen Rx, MedBen WellLiving, Prescription, Rx Costs, Transparency, Trend, Wellness
Health care costs in the United States are projected to see their steepest rise in over a decade during 2025, with multiple industry analyses forecasting increases between 7% and 8% year-over-year (see table below). However, MedBen offers solutions that directly...
Aug 16, 2024 | Client Report, Reporting, Trend
From PwC’s “Behind the numbers 2025”: “PwC is projecting an 8% year-on-year medical cost trend in 2025 for the Group market and 7.5% for the Individual market, driven by inflationary pressure, prescription drug spending and behavioral health...
Feb 20, 2024 | Alternative Reimbursement Strategies, Announcements, Benchmarks, Benefits preservation, Fair market reimbursement, MedBen University, Pharmacogenomics, Precision medicine, Roundtables, Specialty Drugs, Trend
MedBen University (MBU) is in session, so mark your calendar! As we mentioned in the last e-briefs, MBU launched its 23rd season last month with the Benefits Advisory Conference for brokers… and this Spring, MBU will be conducting two employer roundtables:...
Oct 17, 2023 | Cost Savings, Leveraged trend, Savings, Stop-Loss, Trend
Have you ever received a larger-than-expected stop-loss premium increase and your carrier blamed “leveraged trend”? Well, here’s what they mean. The fact that rising claim costs contribute to higher plan costs may be self-evident… but not just in ways that are...
Jul 13, 2023 | Client Report, Cost Savings, Health care costs, Savings, Trend
Medical costs are expected to increase 7% in 2024, according to a new report from PricewaterhouseCoopers (PwC). This would match the largest single-year increase since the beginning of the pandemic. “The higher medical cost trend in 2024 reflects health plans’...
Nov 15, 2022 | Interactive Features, Online Services, Trend
In conjunction with its new 2022 Employer Health Benefits Survey, KFF has created an interactive graphing tool that enables you to view U.S. employee cost trends by employer-sponsored coverage. The tool allows users to study changes in premiums and worker...
