May 20, 2024 View in Browser

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A Message From the Editor

In news that will shock exactly none of you, a RAND report found that insurers paid hospitals 2 ½ times – and in some states, 3 times — more than what Medicare paid for the same services in 2022. Of course, interpretations of the data vary, but according to principal investigator Brian Briscombe, "The widely varying prices among hospitals suggests that employers have opportunities to redesign their health plans to better align hospital prices with the value of care provided,. However, price transparency alone will not lead to changes if employers do not or cannot act upon price information." If you're a benefits advisor, that should be music to your ears!

– Paul Wilson, Editor-in-Chief, BenefitsPRO

 

Research

Hospitals charged private insurers 254% more than Medicare paid: RAND report

By Alan Goforth

Employers must act upon this price information to redesign their health plans to better align hospital prices with the... Read More

 

IRS announces HSA, HDHP limits for 2025

By Lynn Cavanaugh

Next year, the new limits for health savings accounts and high-deductible health plans are a slight bump, following... Read More

 

News

Biden's record-high Obamacare sign-ups tainted by the ACA 'plan-switching' scheme

By Julie Appleby, KFF Health News

More than 21 million enrolled in Obamacare plans this year, however, federal regulators are contending with rogue brokers... Read More

 

Market Insights

Change Healthcare, Kaiser Permanente cyberattacks: A wake-up call for health care

By Rob Kantrowitz, Sunil Shenoi, Micah Desaire and Xiaorui Yang

Many health care companies rely on third parties to provide essential digital tools telehealth platforms, secured... Read More

 

News

New FTC rule requires digital health apps to notify users of data breaches

By Alan Goforth

The FTC has issued a revised Health Breach Notification Rule, aimed at protecting consumer medical information on digital... Read More

 

News

Big Pharma layoffs continue, as Bristol-Myers Squibb cuts 2,200 jobs, $1.5B in costs

By Alan Goforth

As Eli Lilly and Novo Nordisk are scrambling to meet demand for their popular weight-loss drugs, Bristol-Myers Squibb... Read More

 

News

Boehringer Ingelheim sued for allegedly using expired patents to control inhaler market

By Emily Cousins

Boehringer Ingelheim, one of 10 companies sent a warning letter by the FTC disputing the accuracy of patent listings... Read More

 

Market Insights

What benefits do employees want in 2024? HR leaders are listening

By Kristen Beckman

Four in 10 benefits leaders said employee complaints are the main catalyst for looking for a new provider. Read More

Save the Date

Save the Date for BenefitsPRO Broker Expo 2025!

BenefitsPRO Broker Expo will be heading to the Encore Boston Harbor May 6-8, 2025. Keep an eye out for registration opening soon! Learn More

Resources

C-Suite Broker Relationships and Cost-Containment Survey Results

Sponsored by: Imagine360

We interviewed ~100 executives -- they had a lot to say about their brokers. Explore insights into C-suite broker relationships and cost containment strategies in this report. Learn More

WEBCAST DATE: June 5, 2024

Closing the Gap: Strategies for Achieving Health Equity in the Workplace

Join us for a complimentary webcast designed to equip benefits professionals and employers with essential insights into health equity and wellbeing in today's workplace and discover how to tailor benefits packages and programs to address employees' concerns effectively. Learn More

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