Healthcare providers set astronomical, arbitrary prices, and employers and insurers have few options. But a solution is emerging.
February 20, 2018
PPOs and the $444 Box of Kleenex
by Dave Chase
Summary:
Healthcare providers set astronomical, arbitrary prices, and employers and insurers have few options. But a solution is emerging.
#The Affordable Care Act requires every health plan to offer benefits free from most annual and all lifetime dollar limits. If you have a self-insured plan, you may feel the direct impact of this a little more immediately (although many employers still do not recognize it). Even employers that are fully insured should realize they are the insurance company anyway. The only benefit those employers get is delaying the impact of employees’ healthcare spending until their next renewal date. But employers pay dearly in the form of a complete lack of information on exactly how that money is being spent. As a result, companies should start to look at the health plan ID card as an unlimited corporate credit card. Which then raises the question: Who is monitoring that spending?
Entire article here: www//insurancethoughtleadership.com/ppos-and-the-444-box-of-kleenex/
