Six Cost-Saving Strategies to Address Medical Inflation standard
As employers grapple with the impact of medical inflation to their benefits budget, brokers can provide critical assistance. Risk Cooperative helps organizations navigate the complex world of health insurance and employee benefits. Learn More For more than a year, inflation has been the subject of concern nationwide. But medical inflation, described as the increasing cost of medical services over a period of time, is outpacing general inflation at nearly every turn. However, because premiums are contracted a year in advance, the impact of general economic conditions on medical costs often lag by six to twelve months. Due to the uptick in medical costs, employers, insurance companies and brokers alike are strategizing how to minimize the impact healthcare renewals are directly ...
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