getting in control of health care costs
DESCRIPTION
A Presentation to the Exed Directors of Childrens Day Care Centers on Health Care Trends for Products and PricingTRANSCRIPT
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Getting in Control of Health Care Costs
Chuck Kiskaden – Health Benefits Advisors
Bill Bryant – CEO GroupHealthBid.com
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Getting in Control of Health Care Costs
Discussion Topics Strategies to Reduce your health care
costs Engaging Employees in Self Management
of health care services and issues Utilizing Carrier Resources Educating Employees Strategies and Products to Cut Premiums
(the Good, the Bad, the not necessarily disclosed Ugly)
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Strategies to reduce your
healthcare costs
Getting in Control of Health Care Costs
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Why this topic?
Hiring freezeLayoffs
Pay freezeWage reductions4 day work week
Plant closingsEconomic meltdown
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Today’s Major Dilemma
How do you squeeze every possible healthcare dollar to the bottom line while trying to be compassionate to your most valuable asset – your employees?
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Corporate Direction Required to Gain Control of Rising Health Care
Costs
Identify Health Care Cost Drivers and areas where employers can get control of their costs.
Maintain consistent objectives of extraordinary care for your employees while implementing cost containment strategies
Implement strategies for putting your company “In Control”
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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What are some of the Drivers for Health Care Cost Increases?
Cost shifting Increased utilization Modest employee copayments Patient demands New coverage laws New drugs New technology Health plan consolidation
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Where Are New Cost Control Options Going to Come From?
Unavoidable Costs
Cost Sharing (5% to 10%)
Coverage Elections (0% to 15%)
Plan Selection (5% to 10%)
Provider Selection (5% to 10%)
Prescription Therapies (5% to 7.5%)
Disease Management (5% to 10%)
While no silver bullets will solve the health care crisis, aggressive strategies in two to four areas will have a dramatic impact.
While no silver bullets will solve the health care crisis, aggressive strategies in two to four areas will have a dramatic impact.
7.5%5.0%
55.0%
10.0%
5.0%
7.5%
7.5%
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
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Options for affecting increases in health care costs
Plan Design Wellness and Illness Management with EAP Aggressive Utilization and Disease Management Patient Channeling Using Networks Targeted Disease Management Consumer Directed Health Plans Tracking Your Own Cost Trended Data
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
10
Getting in Control of Health Care Costs
Engaging Employees in Self Management of health care services and issues
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
11
Getting in Control of Health Care Costs
Utilizing Carrier Resources
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
12
Getting in Control of Health Care Costs
Educating Employees
04/12/23 Health Benefits Advisors Jan 2010 949-681-1892
13
Getting in Control of Health Care Costs
Strategies and Products to Cut Premiums (the Good, the Bad, the not necessarily disclosed Ugly)