Medical Cost Solutions For Employee Benefits
Employer Health Plans:
3% of people drive 56% of medical costs
perspectives
New Medical Technologies
New medical technologies are responsible for 40-50 percent of annual health care cost increases.
Health care experts point to new medical technology may account for about one-half or more of real long-term spending growth.
It's Price. Not Utilization
50 percent of the increases in US health care spending from 1996 through 2013 were related to increases in health care service price and intensity.
Primary drivers of spending growth included the use of new technologies. While these technologies may be of value, new treatments are often more expensive than older ones.
Targeted Solutions
Different clinical conditions warrant different solutions.
It is critical for employers to recognize that an employer's covered members (the working age family population) has a very different clinical profile with distinct challenges. That’s important because national priorities and a good deal of national health data research focus on, or are heavily skewed by, the cost drivers and specific needs of an over age 65 years population.