In the ever-evolving landscape of healthcare, one thing remains constant – the rising cost of health insurance. Forecasts predict the largest increase in health insurance costs in a decade in 2024 – a staggering 5.4% to 8.5% hike. So, it is now more important than...
Medical debt in the US is a serious and worsening issue, with combined debt reaching over $195 billion in 2022. In the last five years, over half of American adults - more than 100 million people - reported having medical debt. Of people with medical debt, one in...
As healthcare costs continue to rise, payers are turning to innovative strategies, like value-based insurance design (VBID), to improve quality, maximize healthcare dollars for care that is most needed by plan participants, and improve costs in the long run. VBID...
Rising healthcare prices, the economic climate, and lingering effects of COVID are leaving employers wondering how they can mitigate costs while providing effective health benefits for their employees. The Alliance stays informed on healthcare trends, and how...
Walker Forge has done some incredible things since they decided to take charge of their employees' health benefits and become self-funded five years ago, including creating a clinic where employees and their covered family members can receive free care. But that is...
There’s growing price transparency concerns among employers whose health care costs – which amounted to $1.2 trillion in 2018 – continue to outpace wages and inflation. More than half of those costs can be attributed to hospitals and physicians. Hospitals account...
The importance of hospital price transparency has come to the forefront for payers once again. Employer-sponsored health plans cover roughly half of all Americans, account for $480 billion in hospital costs, and their cost has outpaced wages and inflation for more...
A lot has happened since the White House issued an executive order in June of 2019, which led to the Hospital Price Transparency Act. In November 2020, the Departments of Labor (DoL), Health and Human Services (HHS), and the Treasury released the Transparency in...
Employers are switching to self-funded health plans quite rapidly, but the swing from fully insured to self-funded health plans did not happen overnight. Healthcare costs have grown steadily for decades, but they have especially ballooned in recent years. 2022 will...
Since the onset of the pandemic, price transparency has been one of the hottest healthcare trends, and we’ve kept close watch. (After all, Transparency isn’t just a healthcare trend, it’s one of our four core drivers of High-Value Health Care.) However, as 2021...
