“Surprisingly, when asked about healthcare experiences, 76% said they have had a positive patient experience in the past three months and 60% said they have had a negative experience.”
Continue reading 136% Of Respondents Report Either a Negative or Positive Patient ExperienceMonth: November 2022
The Broker’s Antidote to Lost Revenue
New Employee Benefit
- No administration
- No payroll deductions
- No reconciliation
Get an Underwritten quote without PHQ’s in 48 hours!!!
This is where the small group health insurance market is going – rapid simplified underwriting. In the not too distant future we believe brokers will have the ability to field rate firm quotes in minutes.
Continue reading Get an Underwritten quote without PHQ’s in 48 hours!!!Lionel To Partner With Lisa?
The Lisa Plan, an employer funded cash driven health plan strategy, is considering a partnership with Lionel to provide timid brokers and plan sponsors with sleep insurance designed to allay fears of the unknown. No longer will Lisa Plan members wonder and worry if their plan will be accepted by medical caregivers.
Continue reading Lionel To Partner With Lisa?“The Dallas ISD Insurance Scandal” Starring The Cookie Jar Bandit
This is old news but relevant in today’s age of cell phones and instant messaging………
“Carver Dan Peavy (Peavy) was elected a trustee for the Dallas Independent School District (DISD) in 1986, so serving until 1995. By the early 1990s, he controlled purchases of insurance for DISD employees. He was a friend and business associate of Eugene Oliver, an insurance agent who had been convicted as an accomplice to murder” (PEAVY v. WFAA TV INC ).
Continue reading “The Dallas ISD Insurance Scandal” Starring The Cookie Jar BanditWhen You Have A Good Product, People Will Buy It When It’s Free
“The Biden administration announced Tuesday that it’s seeing a big uptick in the number of new customers buying private health insurance for 2023 from the Affordable Care Act’s marketplace. The boost in enrollment is largely driven by generous subsidies—extended through 2025 in the Democrats’ $1.9 trillion coronavirus relief law—that keep monthly premiums payments at $0 or just a few dollars monthly for most people who sign up.“
Continue reading When You Have A Good Product, People Will Buy It When It’s FreeAre You Licensed? ISI Has A Job Opening For You
Operating worldwide, Insurance Supermarket International Inc. operates through a network of offices including Toronto, Canada; Miami, U.S.A.; and Brasov, Romania, with a team of over 700 globally….
Continue reading Are You Licensed? ISI Has A Job Opening For YouThe Biggest Company In The World
by Daisy Wolf and Vijay Pande
We think the biggest company in the world will be a consumer health tech company.
Continue reading The Biggest Company In The WorldAldeen’s Sunday Morning Bathroom Read (post turkey stupor/WTF edition)
Doug Aldeen• ERISA Healthcare Attorney and General Counsel
“WTF” can best be summarized as follows:
A) William “The Fridge” Perry lining up as a fullback (all 338 lbs) for the 1985 Chicago Bears;
B) A number of not for profit hospitals charging 13% interest on a “credit card” for outstanding medical bills for individuals that are already functionally uninsured and now deeper in debt;
C) Marilyn Monroe/JFK/Lee Harvey Oswald/ all killed within 13 months of each other;
D) A NYC investment bank charging recently released felons $30 transaction fee’s on a $500 debit card (true story);
E) All of the above.
Why Can’t Group Health Insurance Be This Easy?
Easy Access Health Insurance In Minutes………………..
Our new and improved online quoting system is now live! You can now get instant quotes and rates, without ever leaving your desk. So, if you’re looking to find a new health insurance company, or just want to find out what you qualify for, you can do it right now! Get started by clicking below – Isaac Higgins
Continue reading Why Can’t Group Health Insurance Be This Easy?Time Value of Money In Healthcare
Why would any plan sponsor that’s able to pay cash at the point of service reimburse a hospital more than their discounted cash price?
The time value of money in a typical claim cycle averages 90 days X cost of money. What is 90 days worth in the value of services received in today’s dollars? Suppose a claim under a PPO contract is paid at 225% of Medicare and the cash price is 100% of Medicare, the time value of money under a PPO contract in this instance is 2.25. That beats money market and CD rates these days.
Continue reading Time Value of Money In HealthcareTransferring Risk To Medicare
Plan sponsors have all sorts of risk transfer strategies from which to choose from. Stop loss insurance is an obvious risk transfer strategy. Then there is ACA mandated HFAP risk transfer and specialty drug risk transfer. How about transferring risk to Medicare? It’s the older folks who have more medical expense needs often driving up costs for a group plan.
Continue reading Transferring Risk To MedicareRx With A Little Help From Our Friends
TotalRx.net is a valuable way to get access to network contracted rates, without worrying about deductibles or maximum benefit limits. With an unlimited formulary, and zero program rules, members are given a freedom seldom available to them in the benefit marketplace today.
Continue reading Rx With A Little Help From Our Friends67% Of Americans Believe Health Insurance Is Cheap As Hell
“There are plenty of Americans who are fine with what they are paying for insurance, including 67% who think their insurance premiums are fairly priced or inexpensive……..69% spend less than $500 per month on insurance…………….53% spend less than $250 per month“
And best of all, 60.6% of Americans pay no income taxes…………….life is good in America!
Continue reading 67% Of Americans Believe Health Insurance Is Cheap As HellBoon-Chapman University
Leadership Can Be Learned At Boon-Chapman. Boon-Chapman’s Program was designed for Two Types of Leaders: “People Leaders” and “Thought Leaders.”
Continue reading Boon-Chapman UniversityHero Health
Walgreen Blitzkreig
Walgreens plots ‘aggressive’ strategy to build out healthcare services, CEO Roz Brewer says
On the heels of several high-profile acquisitions, Walgreens aims to be a point of entry for consumers for healthcare services ranging from urgent care to specialty care and even in-home health.
Continue reading Walgreen BlitzkreigCash Pay Health Plan
“Pam said she was told that if everyone paid the lower cash rates then there would not be any reason for people to use their health insurance.” SOURCE: Yes, You Can Pay Cash for Health Care.
Continue reading Cash Pay Health PlanHow Drug Makers Pushed Diabetes Patients Into The Danger Zone
Drugmakers pushed aggressive diabetes therapy. Patients paid the price.
Pharmaceutical giants launched years-long marketing campaigns for a treatment target they helped create, and as their sales of diabetes drugs soared, so did incidents of low blood sugar, a potentially deadly medication risk.
Continue reading How Drug Makers Pushed Diabetes Patients Into The Danger ZoneAldeen’s Sunday Morning Bathroom Read
Are hospitals gaming the system at the expense of low income patients?
Continue reading Aldeen’s Sunday Morning Bathroom ReadWho’s Gonna Decide What’s Usual & Customary?
“The insurer may not base the reimbursement to the physician or provider on the insurer’s usual and customary rate; and shall reimburse the phnysician or provider at the physician’s or provider’s specialty rate in accordance with the physician’s or provider’s expertise, experience and rate history.”
Continue reading Who’s Gonna Decide What’s Usual & Customary?Texas To Cede Millions More to TRS ActiveCare?
“It is the intent of the legislation that the premiums for TRS-Care and TRS ActiveCare be calculated and adjusted taking into consideration the money appropriated ($286,337,761) under this section.”
Continue reading Texas To Cede Millions More to TRS ActiveCare?Hospitals Often Don’t Help Needy Patients, Even Those Who Qualify
Some make getting aid hard, delay checking eligibility and press for payments that aren’t refunded…….
Continue reading Hospitals Often Don’t Help Needy Patients, Even Those Who QualifyFreeing Doctors to Care for Patients
“This is going to be the solution that frees you from the dysfunctional medical system…….People have been led to believe that healthcare is so expensive that they can’t afford it without insurance… we teach you how to go without insurance and yet not be financially at risk. We call it assurance, vs. insurance.”
Continue reading Freeing Doctors to Care for PatientsVince Speranza
I was a 19-year-old machine gunner at the Battle of the Bulge in World War II. And I didn’t talk about my Army service for more than 65 years after that.
Continue reading Vince SperanzaSnowden Releases Explosive Email – Jeopardizes American Business Practices
Ed Snowden releases a new cache of emails purloined while working for the CIA. One explosive email exposes a sinister conspiracy to upend American commerce.
Continue reading Snowden Releases Explosive Email – Jeopardizes American Business PracticesTelemedicine Back In The Day
Texas Legislature – The Jockeying Begins
The next biennial Texas legislative session begins January 10, 2023 and it’s going to be a doozy, action packed with a significant number of bills to be introduced related to insurance matters.
Continue reading Texas Legislature – The Jockeying BeginsLegacy Health Insurance Broker Explains Why You’re Getting A Rate Increase
Doing Nothing VS Doing Something
The Immutable Johnny Dollar
Johnny Dollar was every insurance executive’s dream, an investigator who found the bad guy, or girl, and kept the insurance company from paying out a bunch of money on a bogus claim. People offered him a cut of the money and women offered him even more but Johnny couldn’t be persuaded to throw away his integrity for a bribe.
Continue reading The Immutable Johnny DollarHospitals Face Financial Disaster
It takes hospitals months and months to get paid for services. It involves pre-certification, claims filing, handling claim disputes, chasing patient share and a whole lot of other nonsense. After reading the article below timing couldn’t be better to suggest to hospitals there is a better way.
Continue reading Hospitals Face Financial DisasterPharmacy Benefit Managers (PBMs) Explained – Learn How the Money Flows
PBMs are one of the seven parts of the prescription medication ecosystem………………
Continue reading Pharmacy Benefit Managers (PBMs) Explained – Learn How the Money FlowsSelf-Insured Plan Powered By Direct Primary Care
Hannah
By David Contorno on Linkedin (Posted Saturday, 13 November 2022
Our 13 year old daughter, Hannah Contorno, who many of you met at our inaugural You Powered Synpoisum, was diagnosed with a rare blood disorder this week called Acute Immune thrombocytopenia (ITP).
Continue reading HannahVitori Health Named A Market Shaping Entity
“Employer-purchasers need to let go of their “devil you know” mindset and stop buying into the narrative that employees can’t handle change. Although there may be risks in taking action, they are far less than the risks of comfortable inaction that have enabled a vast transfer of wealth from working Americans to the medical industrial complex.” – Neil Quinn
Continue reading Vitori Health Named A Market Shaping EntityPublic Entity RFP Scoring Revealed
By Bill Rusteberg
If you’re active in vying for public sector business we extend our deepest sympathies. It’s a tough world out there dealing with politicians and bureaucrats.
Continue reading Public Entity RFP Scoring RevealedWhat’s The Best Way To Chop Prescription Drug Costs? Axe Your PBM
Hospital spend equals 40% of a plan’s spend. Professional spend equals about 20%. That leaves 40% left over. Guess which beast feasts on the remaining 40%?
Continue reading What’s The Best Way To Chop Prescription Drug Costs? Axe Your PBMRBP =40%, Specialty Rx = 15%
Interesting numbers happen when a plan excludes specialty drugs……………Then factor RFP & CPO…
Continue reading RBP =40%, Specialty Rx = 15%Veterans Day 2022
Lt. Col. E. Rusteberg – West Point 1934 – Two Silver Stars, One Bronze Star, Presidential Unit Citation (Battle of Hatten), Purple Heart.
The battalion began the battle of Hatten with 33 officers and 748 en- listed men. Fifty-two hours later it had an effective strength of 11 officers and 253 enlisted men. All others were either killed, wounded or missing in action.
Continue reading Veterans Day 2022County Adopts Uninsured Business Model
“We then compared that uninsured person to us – what we’re paying – and in many cases what we found is we’re paying more than an uninsured person.”
Continue reading County Adopts Uninsured Business ModelERISA-Covered Companies Must Disclose Health Plan Costs
“Full disclosure of direct and indirect compensation triggers the business equivalent of finding out one’s spouse cheated on them.”
Continue reading ERISA-Covered Companies Must Disclose Health Plan CostsThe Truth About Feigning Benevolence
Employers Don’t Pay – You Do
Employers don’t pay a dime towards employee health insurance. Employees pay the full boat but don’t realize it. Try explaining that to the police and fireman union during the next negotiation cycle.
Continue reading The Truth About Feigning BenevolenceHSA’s Rock
A HSA is by far the best tax advantaged investment ever devised by mankind. Contributions are tax exempt. Withdrawals before age 65 for qualified medical expenses are tax exempt. Withdrawals at age 65 and used for any reason are tax exempt.
Continue reading HSA’s RockThe Payer You Never Heard Of
You won’t see recognizable logos or insurance company names on their health insurance I.D. cards. You may wonder “what kind of insurance is this?”
(This article first appeared on this blog March 7th, 2021. It was written at the suggestion of the President of a local County Medical Society representing over 4,000 physicians in Texas. His intention was to recommend it be published in their monthly newsletter. It never was.)
Continue reading The Payer You Never Heard OfPrimary Care Gold Rush Continues
Walgreens-backed VillageMD announces $8.9 billion deal
by Bloomberg 08 Nov 2022
by Michelle F. Davis
VillageMD, the primary-care provider controlled by Walgreens Boots Alliance Inc., has agreed to acquire Summit Health-CityMD in an $8.9 billion deal that shows the drugstore operator expand deeper into health-care services to reduce its reliance on retail.
Continue reading Primary Care Gold Rush ContinuesFile This Under “Ain’t Gonna Happen” & “Herding Cats”
New proposals for universal health care in Oregon and Washington
NOVEMBER 6, 2022
Once again, it’s time to consider universal health care. What are the implications? Could it happen?
Continue reading File This Under “Ain’t Gonna Happen” & “Herding Cats”Antidote For BUCA & RBP Plans
Status quo health care pricing through managed care contracts hasn’t worked out very well. Reference Based Pricing is an alternative, transitory strategy that has worked. But there is something better……….
Continue reading Antidote For BUCA & RBP PlansStand Alone Rx Aggregate Stop Loss
If Rx standalone Stop Loss premium = 2-3% of overall Rx spend and the savings on medical stop loss premium is 5%-10% when carving out the Rx program, what is the net difference?
Continue reading Stand Alone Rx Aggregate Stop LossPCI Direct Care Partners With ReviveHealth
ReviveHealth and PCI Direct Care have partnered in a collaborative effort to bring a differentiated and competitive solution providing affordable and easy access to primary health care and prescription drugs for members located in the Lower Rio Grande Valley in deep South Texas.
Continue reading PCI Direct Care Partners With ReviveHealthSneaky Underwriting – Who Let The Dogs Out?
Insurance companies have traditionally required a minimum percentage of employees to enroll in coverage. Participation requirements helps insurance companies avoid adverse selection. Minimum participation requirements have traditionally been 75%.
Continue reading Sneaky Underwriting – Who Let The Dogs Out?Government Bureaucrats Say Doctors Worth Less
“The Medicare payment schedule released today puts Congress on notice that a nearly 4.5% across-the-board reduction in payment rates is an ominous reality unless lawmakers act before Jan. 1”
Continue reading Government Bureaucrats Say Doctors Worth Less$1,842 Average Savings Without Cost Shifting
The independent thought leaders at Catalyst for Payment Reform (CPR) have recognized Vitori Health as a Market-Shaping Enterprise (MSE) that’s helping to reshape the dysfunctional incentives that influence today’s healthcare market.
Continue reading $1,842 Average Savings Without Cost ShiftingPlan Sponsor Reviews 5 Year Plan Performance
By Bill Rusteberg
Five years ago a San Antonio plan sponsor had enough. Self-insured with a BUCA wasn’t working out too well. Three years in a row annual rate increase of 20% and more each year was unsustainable. Drug costs were going through the roof. Something had to be done.
Continue reading Plan Sponsor Reviews 5 Year Plan PerformanceEveryone Is Paying For Mary’s Deductible Because Mary Isn’t
Lucky Mary. She has a $1,500 deductible through her employers health plan but everyone else is paying for it because she’s not…………….
Continue reading Everyone Is Paying For Mary’s Deductible Because Mary Isn’tColorado Purchasing Alliance Rocks
“If you could pay $25,000 for a car or $75,000 and the only difference was the overhead of the dealership, why would you pay $75,000?”
Continue reading Colorado Purchasing Alliance RocksMedicare Lowers Rates
For the first time in more than a decade, your Medicare Part B payments will be going down in 2023.
Continue reading Medicare Lowers RatesMontana Sets BCBS Up To Look Good – Health Care Costs To Lower 20%
When the dust settles 18 months from now Blue Cross of Montana is gonna look like Superman to Montana legislators by saving millions of dollars on the state’s Reference Based Pricing employee health plan.
Continue reading Montana Sets BCBS Up To Look Good – Health Care Costs To Lower 20%