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Employee Benefits News

The Astonishingly High Administrative Costs of U.S. Health Care

The ever climbing cost of the U.S. healthcare system is a story that many are aware off.  One that is not is the extraordinarily high cost to administer the U.S. healthcare system.  Look at any Explanation of Benefits or bill from a provider and the...

Can the IRS Can Save American Health Care?

The vast majority of Americans get their health insurance form their employers because of WWII historical tax code anomaly.  Now, 60 years later, we are still tethered to our employer's health care chain, the only industrialized country to do it this way. ...

Sky-High Deductibles Broke the U.S. Health Insurance System

Anyone on a High Deductible plan knows that it is great insurance when you are not using it, but can unleash holy hell when you are.  Having recently encountered a spike in my family's usage, I am awash in bills. The $1100 MRI cost, the multiple $112...

A Drug Costs $272,000 a Year. Not So Fast, Says New York State.

Orkambi, a drug used to treat cystic fibrosis, which has sown only moderate improvement in patients, comes at a cost of $272,000 a year.  The state of New York is now saying that the manufacturer must apply deeper discounts in an unusual display of the...

More Doctor Pay Tied To Patient Satisfaction And Outcomes

Using value-based metrics for bonuses or higher pay is nothing new to most of the world, but is emerging in medicine.  Doctors were traditionally paid fee for service, but as that model has become financially unsupportable, the move to paying providers...

Teladoc Buys Advance Medical For $352M In Global Telehealth Deal

The Telemedicine space is exploding and the industry leader, Teledoc, just got a bit bigger and more international.  The purchase of Advance Medical allows for expansion into 125 countries and more than 20 languages.  Read full article here Armstrong,...

Why Your Health Insurer Doesn’t Care About Your Big Bills

We can all agree that costs in the U.S. Healthcare system are out of control.  We also all can agree the lack of any cost data exacerbates the problem.  But please note the symbiotic relationship of the insurer and the providers.   If an insurance company...

What Barbershops Can Teach About Delivering Health Care

Think about your last doctor's appointment as compared to your last hair appointment.  The relationship you have with your stylist or barber is most likely much ,more convivial and engaged than with your doctor.  The following study shows how an engaged...

Alexa’s Next Big Move Is Into Health Care

It shouldn't be any surprise, given healthcare's $3 trillion space in the U.S. economy, that Amazon would want to get as involved as possible.  Imagine in the near future where Alexa reminds you to take your pills, monitor your glucose or see your provider...

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