Self-insured employers are playing an increasing role in taking on the status quo to lower costs

Healthcare Finance News October 29, 2019
Susan Morse

As healthcare costs continue to climb and the national spend was close to 18% of GDP last year, employers are looking to self-insure their employees as a way to save money.

Self-insured, or self-funded plans, currently cover an estimated 94 million of the nation’s 156 million employees. Nearly 60% of all employees are covered in a plan that is fully or partially self-funded.

In a self-funded plan, employers take on the financial risk of providing healthcare benefits for their employees, as opposed to paying a predetermined premium to an insurer.

This approach saves between 20 and 30% of the cost of a traditional preferred provider organization, or PPO, plan, according to Kirk Fallbacher, CEO of Advanced Medical Pricing Solutions, or...

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