Reference-Based Pricing — A “Transparent” Way of Paying Health Care Providers

By Manoj Rajwani, USI Vice President, Employee Benefits Employers and their employees continue to struggle with skyrocketing health care costs.  The job market is already competitive, and many companies are overwhelmed with  how to manage the benefit costs but still offer a quality program at the same time.  Many of those same organizations are diligent…

Stepping into Lower Drug Costs

Step therapy can save money but some say there can be a downside. One way to keep your health benefit plan’s overall costs lower is to encourage employees to choose generic drugs whenever possible. The U. S. healthcare system saved $1.68 trillion from 2005 to 2014 by using generic drugs, according to the IMS Institute…

Short-Term Spending Bill Delays Cadillac Plan Tax and Extends CHIP

On January 22, 2018, Congress approved a short-term spending bill (the “Bill”) that will fund the government until February 8, 2018. The Bill was signed into law the same day. During its annual appropriation exercise, Congress provides funding for the agencies and programs it has authorized. Because Congress failed to adopt a regular appropriation bill,…

Study Proves the Value of Dental Benefits

A study published earlier this year shows that dental benefits decrease the incidence of emergency room visits. Without dental benefits, more adults end up in the emergency room, found a study published in the May 2015 issue of the journal Health Affairs. Researchers examined the effects of removing adult dental benefits from California’s Medicaid program.…