Proposed Rules Address Prescription Drug Pricing

Last week, the Department of Health and Human Services (HHS) released a proposed rule to lower prescription drug prices and out-of-pocket costs by encouraging manufacturers to pass discounts directly to patients and bring new transparency to prescription drug markets. Please note, nothing has changed yet, as this is only a proposed rule. Even if finalized in its current…

USI Insurance Services Acquires GFI Insurance Brokerage

USI Strengthens Commercial, Employee Benefit and Personal Risk Presence in Northeast Region USI announced earlier this week the acquisition of New York-based GFI Insurance Brokerage. For more than 15 years, GFI Insurance has been delivering commercial property and casualty, employee benefit and personal risk solutions to clients in the Northeast region. Commenting on the announcement, James…

USI Comments on the Rise of Telemedicine

In case you missed it, USI’s national health care practice vice president, Jeff Levy, was featured in Business Insurance Magazine’s November 2018 cover story, “Telemedicine expands care, adds exposures.” In the article, Jeff states, “We’re a mobile society. We are a consumer-driven society. We have to get our health care when it’s convenient for us, not when…

Test Your Life Insurance Knowledge

How much do you know about life insurance? Take the following quiz to find out: 1. Life insurance is the most commonly offered employee benefit, after health insurance. True or false? True. According to the Bureau of Labor Statistics, 55 percent of all workers in private industry have access to life insurance benefits (2016 figures).…

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…