Jul 13, 2023 | Client Report, Cost Savings, Health care costs, Savings, Trend
Medical costs are expected to increase 7% in 2024, according to a new report from PricewaterhouseCoopers (PwC). This would match the largest single-year increase since the beginning of the pandemic. “The higher medical cost trend in 2024 reflects health plans’...
Nov 15, 2022 | Interactive Features, Online Services, Trend
In conjunction with its new 2022 Employer Health Benefits Survey, KFF has created an interactive graphing tool that enables you to view U.S. employee cost trends by employer-sponsored coverage. The tool allows users to study changes in premiums and worker...
Aug 10, 2021 | Cost Savings, MedBen WellLiving, Savings, Trend
Last year, MedBen’s WellLiving block had 8.8% less claim costs compared to those who didn’t utilize WellLiving. But that number doesn’t tell the whole story. Over the past five years, the cost gap between WellLiving and non-WellLiving members has continued to...
Jul 27, 2021 | Forensic claims analysis, Stop-Loss, Trend
The number of claims in excess of $1 million has risen at an unprecedented rate in recent years… but MedBen forensic claims review is helping to control the effect of high-cost claims. The graph below from stop-loss carrier Tokio Marine HCC shows its 2012-20...
Jul 23, 2021 | MedBen Analytics, Mental Health, Preventive Care, Primary Care, Reporting, Telehealth, Trend
Telehealth use has dropped from its peak in 2020, but remains significantly higher than pre-COVID levels. The MedBen Analytics chart below shows telehealth activity for MedBen’s total client block from January 2020 through June 2021. Mood and anxiety disorders,...
Apr 2, 2021 | Alternative Reimbursement Strategies, Brokers, Comparative Effectiveness, Direct-to-Employer Contracting, MedBen Rx, MedBen University, MedBen WellLiving, Municipalities, Pharmacy Benefits Manager (PBM), Reference-Based Pricing, Roundtables, Rx Costs, Trend, Wellness
MedBen University (MBU) kicked off its 20th season with the annual Broker Roundtable. Like last year, this event was held virtually, with over 100 in attendance from five states. Topics for the roundtable included cost and utilization trends by industry and product,...
