TSHBP: The Biggest Reinsurance Loss In Health Insurance History?
The 12/18 contract is over ending 31 December 2023. What are the underwriting losses? No one’s talking, the stop loss brokerage community is tight lipped. Rumors abound lawsuits are flying, attorneys are busy. Who knows the truth? No one is talking.
Continue reading What’s The Final Tally On What Could Be The Biggest Health Insurance Reinsurance Loss In History?
By Justin Leader – Visit my website
The attached graph, sourced from the Bureau of Labor Statistics, reveals a worrying trend that should be a wake-up call for all plan sponsors. Between January 2000 and December 2023, hospital services experienced a staggering 243.7% increase in prices, significantly outstripping the overall inflation rate of 82.4% during the same period. This isn’t just an anomaly – it’s a red flag.
Continue reading Hospital Pricing Increases A Staggering 244% in 3 Years
A ghost policy is a minimum premium workers’ comp policy for a one-person business. However, the company owner is exempt from the policy, so it doesn’t actually cover anyone. You can expect an annual premium between $1,000 and $2,000.
Continue reading An Insurance Policy That Doesn’t Cover Anyone or AnythingI’ve seen this first hand years ago when I worked for a large health insurance company. A toxic little man with a big ego and a drive to get to the top over dead bodies drove away the best producers leaving only sedated order takers to make quota. Before their mediocre performance became overwhelming evident to upper management Little Napoleon moved on to another company securing a position of even greater responsibility and authority. He repeated the process, going from company to company until he could go no further as President of a BUCA. – Bill Rusteb
Continue reading When The Boss Promotes The Wrong People