Public School District Health Insurance Trust In Big Trouble

Millions of dollars in questionable expenses, a generous administrative payroll, high executive turnover and rising health care prices……………Unlike health insurance companies, which are subject to regulation, the trust does not answer to the Department of Insurance. For years, there have been complaints of impropriety, and expenditures have been hidden from public scrutiny……

Continue reading Public School District Health Insurance Trust In Big Trouble

Double Your Pleasure, Double Your Fun…..Call 867-5309 Now!

“Double your pleasure, double your fun with double mint, double mint, double mint gun.”

NEWEST VERSION: Double your pleasure double your fun with the best double priced discounts found under the sun …………….Hurry buy our health insurance and get a 50% discount off double the price! Call now and talk to one of our licensed agents, plus get your free gift – only good for the first 25 callers! Hurry…………………….Call 867-5309 and ask for Jenny

Continue reading Double Your Pleasure, Double Your Fun…..Call 867-5309 Now!

“Playing” Brokers

By Bill Rusteberg

“Playing” health insurance brokers is the easiest sale ever. I was reminded of that today when a company rep. said “Bill, I never call on a prospect directly, I always work through the broker on the case. It’s the easiest sale ever. I don’t have to cultivate a relationship with the client. That can take years. It’s already been done by the current broker.”

Continue reading “Playing” Brokers

List of 10 Most Expensive Drugs

“Pssst Godfather….We Need To Get In The Drug Business!” We can make a lot of money in rebates…….I mean kickbacks. And we can open specialty pharmacies and skim off the float too and call it spread pricing or shrinkage……………We can call ourselves Pharmacy Benefit Managers……..Has a nice ring to it……………..We can make some really serious money Godfather!”

Continue reading List of 10 Most Expensive Drugs

Lawyers, Spiders, Snakes and Other Scary Things

“Thank You Consolidated Appropriations Act, 2021!”

“The motherlode for the plaintiffs’ bar however is in the broker/consultant compensation disclosure rules. For starters, there is the obvious claim that the rule was not properly followed, thereby triggering a prohibited transaction. Equally obvious and even more worrisome, however, are claims that are right out of the 401(k) litigation playbook: the plan paid excessive fees and plan fiduciaries were not paying attention. Essentially, the statute’s focus on fee disclosure invites scrutiny of the underlying fees and the accompanying fiduciary engagement.”

Continue reading Lawyers, Spiders, Snakes and Other Scary Things

Replacing Traditional TPA’s With Next Generation Health Plans

Thinking Outside The Box

“Hue builds health plans around the concept of advanced primary care as the center of all patient care coordination–a “healthcare quarterback.” Their highly scalable, value-based network approach enables providers to focus on practicing medicine how they see fit based on what their communities need, spending dramatically less time on billing and administrative services.”

Continue reading Replacing Traditional TPA’s With Next Generation Health Plans