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Archives for: August 2016

08/31/16

  03:22:00 pm, by MedBen5   , 268 words,  
Categories: News, Health Plan Management, Health Care Reform, Cost savings, Research, Third party administration

Self-funding Switch Makes Financial, Regulatory Sense

A new benefits survey indicates that the trend of switching from fully insured to self-insured is expected to grow by 35% in the next two years. This is to no surprise since fully-insured groups continue to see high premium cost growth. According to… more »

08/28/16

  11:00:00 pm, by MedBen5   , 228 words,  
Categories: News, Wellness, Cancer, Research, Preventive care

Prostate Cancer Diagnoses Dropping, but Concerns Remain

The U.S. Preventive Services Task Force (USPSTF) recommendation against routine screenings of prostate cancer has resulted in fewer diagnoses for the disease, new research finds. But the question remains as to whether more men will ultimately develop… more »

08/26/16

  07:47:00 pm, by MedBen5   , 244 words,  
Categories: Prescription, Health Plan Management, Cost savings

High Rx Prices Call for Private Sector Solutions

A recent Harvard Medical School study of how prescription drug prices are set suggests that, despite presidential campaign promises of reduced costs through government intervention, current conditions make it difficult for them to make significant… more »

08/22/16

  07:51:00 pm, by MedBen5   , 246 words,  
Categories: Wellness, Health Plan Management, Cost savings, Bundled Payments, Research

Employers Take Lead with Value-Based Benefit Designs

As more hospitals gravitate away from traditional fee-for-service to alternative payments methods, self-funded groups are making changes to their health care plans to capitalize on the potential savings. According to an analysis by the National Business… more »

08/19/16

  07:35:00 pm, by MedBen5   , 285 words,  
Categories: News, Health Plan Management, Health Care Reform, Research

Private Exchanges — Hype Doesn’t Equal Interest

There's been a lot of hype lately about how private health insurance exchanges ‒ a system in which employees receive a set allowance to select an insurance plan from multiple vendors ‒ are the next big thing in group coverage. But as is… more »

08/16/16

  07:57:00 pm, by MedBen5   , 378 words,  
Categories: Wellness

Cardio Does the Body Good

Let’s do some math. Subtract your age from the number 220 (the answer is your maximum heart rate). Now multiply that number by 0.6. Got it? Repeat the steps, only this time, multiply by 0.8. You now know your targeted pulse range when performing… more »

08/12/16

  04:26:00 pm, by MedBen5   , 255 words,  
Categories: Health Plan Management, Consumer-driven Health Plans, Cost savings, Vision

As Health Care Landscape Shifts, Consumer-driven Plans Thrive

From BenefitsPRO: "[Health reimbursement arrangements (HRAs)] are making a comeback, most notably among smaller employers (2 to 100), large employers (5,000+), and any size groups with historically low utilization. Their appeal may also increase as they… more »

08/11/16

  09:08:00 pm, by MedBen5   , 255 words,  
Categories: News, Prescription, Cost savings

Specialty Drug Cost Spikes Require Saving Strategies

While average costs for employer-based health plans nationwide have risen at a fairly moderate pace this decade (though, it should be noted, not as low as MedBen's 5-year trend), specialty drug price spikes continue to concern employers. To reduce the… more »

08/09/16

  10:03:00 pm, by MedBen5   , 234 words,  
Categories: News, Wellness, Incentives, Cancer, Cost savings, Heart, Research, Diabetes

Physical Inactivity in U.S. Running up a Hefty Price Tag

Sitting on the sofa all day may be relaxing, but it's costing our country a lot of money. According to Benefits Pro, a new study finds that physical inactivity costs the U.S. $27.8 billion annually, an amount researchers label a conservative estimate.… more »

08/08/16

  10:51:00 pm, by MedBen5   , 225 words,  
Categories: News, Wellness, Health Plan Management, Cost savings, Research, Ancillary benefits

MedBen Controls High Claimant Costs through Claims Management, Early Detection

High cost claimants are among the leading contributors to health care spending, topping even medical inflation, pharmaceuticals, and specific diseases. A study from the American Health Policy Institute and Leavitt Partners found that claimants who cost… more »

08/04/16

  03:25:00 pm, by MedBen5   , 243 words,  
Categories: News, Security, Privacy, Research

Ransomware Threats Require a Strong Defense

When it comes to matters of personal security, sometimes common-sense solutions are the most effective ‒ which is why MedBen performs full backups of electronic client data and stores it offsite at a secure location. Recent ransomware outbreaks… more »