What on earth could possibly be more important than knowing our industry trends in 2007 and beyond? Your only challenge: TIME!
So... we have compiled a list of documents, in one location, that will provide you with knowledge on industry trends. Can you afford not to know?
Aon Consulting’s Spring 2007 Health Care Trend Survey
Aon Consulting’s survey indicates that medical plan costs are forecasted to increase at double-digit rates. Reasons for these increases include: increasing patient demand for services, an aging population, increasing medical technology costs, increasing hospital costs, increasing price and utilization of prescription drugs, poor lifestyle choices, cost shifting, and medical malpractice costs.
Buck Consultants Survey: 2007 Health Care Costs Will Continue to Outpace Inflation
In its 17th National Health Care Trend Survey, Buck Consultants measured the projected average annual increase in employer-provided health care benefit costs. Insurers providing medical trends for the survey cover a total of approximately 50 million people.
Hewitt’s The Road Ahead: Emerging Health Trends 2007
This report discusses health and health care at a high level and focuses in particular on trends that employers have identified as emerging or likely to emerge over the next three to five years. Furthermore, this report discusses clear philosophical differences between two groups of employers—those who are likely to continue on their current course of managing trends primarily through plan design changes and those who believe that more employer involvement in health and health care is a critical business issue.
2008 Segal Health Plan Cost Trend Survey
The Segal Company's eleventh annual survey of managed care organizations (MCOs), health insurers, pharmacy benefit managers (PBMs) and third party administrators (TPAs) - forecasts continued declines in trends for 2008. The report also includes a discussion of the power of total health management (THM) to address health care cost increases. THM focuses on the development of a multi-year strategy to influence participant behaviors, health care provider efficiency, plan sponsor capabilities and service provider performance. Plan sponsors implementing THM should continue using a comprehensive three-pronged approach to health care cost management consisting of individual health management, plan management and vendor management.
12th Annual National Business Group on Health / Watson Wyatt Survey Report 2007
As the overall rate of health care cost increases, which equates to twice the rate of inflation, some employers are significantly beating this trend by taking a broad approach to their health care programs. These companies are addressing the root causes of health care costs by combining consumer-directed health plans (CDHPs) and health management initiatives with education and financial incentives to help employees become more actively engaged in their own health and make smarter health care decisions.
The 12th Annual National Business Group on Health / Watson Wyatt study details current trends and best practices in employer-sponsored health care benefit programs.
Behind the Numbers* Healthcare Cost Trends for 2008
According to PwC's Health Research Institute, health insurance carriers anticipate medical costs to rise across all plan types as we look forward to 2008. However, the expected rate of increase is decelerating compared to the prior year. The latest HRI report discusses the 2008 forecast and the factors influencing the forward-looking trends.
WHAT DO I DO NEXT?
Corporate Synergies is an objective resource with no allegiance to any carrier or service provider. We analyze ALL options available to you and provide you with benefit solutions that are focused on the special needs of your company giving you the ability to execute programs today that maximize service offerings while giving you a strong commitment of return on investment. If you have any questions regarding these trends, call Corporate Synergies at 1-866-CSG-1719 or click HERE to contact us.
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