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MedBen Savings Solutions Defy Health Care Cost Trends

09/12/14

  11:11:00 am, by MedBen5   , 345 words,  
Categories: News, Health Plan Management, Health Care Reform, Stop-loss

MedBen Savings Solutions Defy Health Care Cost Trends

Another day, another survey…

Hot on the heels of this week’s Kaiser report showing modest health plan premium growth comes a survey from Mercer L.L.C. which suggests that the average rate of increase in health benefit costs has begun to trend back upward.

According to Business Insurance, early findings from Mercer’s National Survey of Employer-Sponsored Benefits indicate that average employer health benefit costs are likely to increase by between 3.9% and 5.9% in 2015, depending on the measures employers take steps to control cost growth. Only through strategic plan changes will benefit costs equal, or come in under, projected growth trends.

But that’s not all. Last week, the Centers for Medicare & Medicaid Services released a report projecting higher health spending increases in the next decade (6.0% per year for 2015 through 2023), though still well under the double-digit jumps in the early 2000’s.

Clearly, there’s a lot of data out there about where health care costs have been, where they’re going and why they’re going there. But at the end of the day, what matters most to employers is what their own costs are, now and in the future.

At MedBen, our mission is to get clients the lowest costs, period – regardless of how high or low current trend may be. To do this, we take claims processing to the next level with advanced surveillance techniques that emphasize savings potential. When we flag a questionable claim, medical specialists and clinicians work directly with the provider to ensure an outcome that’s both cost-effective and patient-sensitive.

MedBen also helps clients to ensure that cost controls are properly in place with their provider network contracts. Doing so reduces the risk of the employer having to cover excess costs in the event of billing issues that cannot be addressed to the satisfaction of the plan’s stop-loss carrier.

There’s much more we could tell you, and we’d welcome the opportunity to discuss the ways we can save your business money on health care costs. Simply contact Vice President of Sales & Marketing Brian Fargus to learn how MedBen defies spending trends with common-sense savings solutions.

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