Group & Pension Administrators Inc. (GPA), a Texas based third party administrator, is enjoying rapid growth through marketing their unique Cost-Plus health insurance program. Plan savings for participating employers average 40% or more.
GPA has caught the attention of employers, agents and competing insurance carriers, as well as the health care community.
The GPA message is simple; providers should be paid their cost plus a fair and reasonable profit, rather than paid a discount off inflated and arbitrary charges that have no relationship to cost.
New clients include high profile accounts in major metropolitan areas of Texas. A large medical provider in Bexar County, for example, recently partnered with GPA to provide cost-plus benefits for their own employees.
We expect GPA will continue to enjoy rapid and sustained growth as there appears to be no competition in the cost-plus arena. Competing carriers and TPA’s seem committed to continued reliance of PPO networks and other managed care contracts rather than adoptng the GPA Out-of-the-Box approach to reigning in health care costs.
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