Joining a captive is a little like deciding whether to try a new entrée for the first time. No matter how many times you’ve been told it will be delicious, you’ll never enjoy the taste unless you’re willing to take the risk of ordering it. And if you’re not interested in taking that risk, you’ll likely settle for never learning just how tasty it could be.
Every bidder for your health plan’s business claims their network of hospitals, doctors and health services will save you money. But how do you know whether that’s true or just marketing hype?
Kevin Lamp, Chief Financial Officer (CFO) of The Fall River Group in Fall River, Wis., recently shared his perspective on why members of The Alliance cooperative should consider participating in an insurance captive. Kevin’s remarks are shared below to help you decide whether your company can benefit.