Employee Benefit News October 2, 2023
Health plan decisions reverberate through organizations, influencing their financial trajectory and resiliency of employees. While business leaders agree that strategic decision-making is paramount to success, they often neglect to apply it to their health plan strategy — despite health benefits being among an employer’s top-three expenses.
It’s perplexing, given that self-funded health plans built on claims data consistently yield affordable, high-quality healthcare that attracts and retains top talent.
Passivity stagnates organizations. Every decision has consequences. Opting for hands-off health insurance with a big-box mega-carrier may seem like an effortless solution. However, this decision relinquishes control to an entity without any incentive to achieve savings and quality goals — to the detriment of the entire organization.
Often mistaken...
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