For the fourth year in a row, rate increases on group plans have slowed. These costs are expected to rise by 8% this year, as compared to 10% last year (YMMV).
According to a new study, more than 8 out of 10 companies surveyed said that their group health costs were at (or even below) last year�s.
Some of this is due, no doubt, by an increase in employers� proactive methods: almost half conduct eligibility audits or will begin doing so (these are for the purpose of identifying which employees and/or dependents who should be on a spouse�s coverage).
One out of four plan to implement programs to improve their employees� health. Another third plan to start encouraging more judicious use of health care services. And a third plans to increase employees� accountability in managing their health.
Ah, personal responsibility: is there anything it can�t do?
North of the border, though, things don�t look so peachy: according to a survey of our neighbors to the north, 2006 premium increases are projected to be 13% (that�s about 60% higher than here). Here�s the takeaway quote: �the survey results show that in spite of employers efforts to contain costs through cost-sharing, managed formularies, and flexible benefits, health and dental costs are still rising more quickly than other group benefit plan components.� Oy, Canada!
What was that about a nationalized health care system here?
0 comments:
Post a Comment