Employee Benefit News January 12, 2022
Healthcare debt in the United States has reached an estimated $140 billion, impacting half of the American population. And that dollar amount is only bound to grow if the healthcare market stays at the status quo.
Beyond fully adopting a universal or two-tiered healthcare system, the U.S. may need to change the way in which the healthcare market is currently incentivized to make a profit. Chris Thurin, executive vice president of organic growth at OneDigital, which focuses on healthcare and wellness benefits management, names the medical loss ratio as an effective place to start.
The MLR, a provision within the Affordable Care Act, was passed in 2011 and stipulates that large group insurance plans use at least 85 cents of...