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Fraker, SPBA Members Talk Transparency in D.C.

06/29/18

Fraker, SPBA Members Talk Transparency in D.C.

Caroline Fraker in Washington DC, June 19, 2018

On June 19 and 20, MedBen Vice President of Compliance Caroline Fraker revisited Washington, D.C. with fellow members of the Society of Professional Benefit Administrators (SPBA) Board of Directors, to speak with government officials on matters of importance to self-funded employers.

In addition to discussions with multiple Congressional offices during their visit, the group met with Jim Parker, Senior Advisor for Health Reform, Department of Health & Human Services, to address health care price transparency. “We were pleased to have a chance to talk to Mr. Parker about an issue that directly affects the ability of employers to control their health costs,” Fraker said.

The Affordable Care Act includes language requiring greater price transparency, but little effort has been taken by the federal government to provide consumers with medical cost information. Such inactivity hinders the ability of patients to make informed decisions about the care they receive, Fraker noted.

“Today’s health plans are designed to encourage and empower the consumer to make smart health care choices, but they need the tools to do that,” Fraker said. “The SPBA is offering its expertise as a non-political resource, to help legislators and other officials develop the means by which providers can list their prices.”

Fraker was among the SPBA Board members who also met with Congressional offices in April. The Board hopes to schedule regular follow-up meetings.

Formed in 1975, SPBA strives to advance the goals of benefits administrators as well as to provide advice that helps members better serve their clients and their clients’ plans. SPBA Board members meet monthly via conference call to discuss issues of importance to the Society’s members and their customers. Board members also host twice-yearly conferences open to all SPBA members, which are preceded by Board-only meetings.

A 30-plus year veteran of employee benefits, Fraker assists MedBen clients with regulatory compliance, contractual and risk management issues. In addition to her SPBA responsibilities, she also serves on the Government Affairs Committee of the Licking County Chamber of Commerce.

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