Health care expansion to cost Illinois, study finds

by Eriksen Insurance | Sep 7, 2011 | Health Insurance Cost, Health Laws, Heath Care Costs, Illinois Health Insurance, Insurance Reform

CarmiTimes.com reports: “Expanding Illinois’ Medicaid program under the federal health-care reform law will cost the state $1.3 billion a year in 2020 and beyond, according to an analysis by the nonpartisan Rand Corp. The annual cost is at least six times higher...

Savings power of HSAs appears to wane

by Eriksen Insurance | Sep 1, 2011 | Health Insurance Cost

Indianapolis Insurance Journal reports: “As consumer-directed health plans become more prevalent, their power to save money for employers is waning, according to the latest survey by Indianapolis-based United Benefit Advisors, a network of health insurance...

Overhaul may push employee benefits shift

by Eriksen Insurance | Sep 1, 2011 | Health Insurance Cost, Insurance Reform

Benifits Pro reports: “Obama administration expects to see rise in employer-sponsored health insurance, not a decline” “Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers after insurance exchanges...

Majority of Large Employers Revamping Health Benefit Programs for 2012, National Business Group on Health Survey Finds

by Eriksen Insurance | Aug 24, 2011 | Health Insurance Cost, Heath Care Costs

National Business Group on Health reports: “Employers Projecting Costs to Increase 7.2% Next Year; Nearly Two-Thirds Expect to Increase Employee Share of Premiums WASHINGTON, DC, August 18, 2011 — With the cost of employee health care benefits expected to...

Million-Dollar Claims Grow More Frequent

by Eriksen Insurance | Aug 12, 2011 | Health Insurance Cost, Insurance Reform

Insurance News Net reports: Medical claim limits phase out under the new health care law as the size of individual claims continues to rise. Thousands of health care claims reach or exceed $ 1 million each year, and industry research and our own experience at RGA show...

Medicare prescription drug premiums to fall

by Eriksen Insurance | Aug 12, 2011 | Health Insurance Cost, Insurance Reform, Medicare

Reuters reports: Medicare participants enrolled in the health insurance program’s prescription drug benefit should see their premium cost decline slightly next year. The Department of Health and Human Services said on Thursday the average monthly premium for...