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Compensation & Benefits

How to immediately lower your health care costs while assuring quality care

How to immediately lower your health care costs while assuring quality care

Author: Bob Braddick

Your employees want less money taken out of their paychecks for health care. Typically, to keep premiums down, copays and deductibles go up. But employees are already shouldering as much of the health care cost burden as they can bear. We need a way to better address the unsustainable growth in health care costs while continuing to offer comprehensive, quality care.

If you’re one of the many firms struggling with health care expenses increasing faster than overall economic growth, you want to register for the 45-minute webinar, “How to Immediately Lower Your Health Care Costs,” hosted by Employee Benefit News (EBN) at 2 pm ET on Thursday, December 14, 2017.

During the quick-hitting webinar, Stanford University health economist Dr. Alain Enthoven will delve into the causes behind ballooning health care costs and will offer strategies to reverse that trend. He will explain why the only solution is to inject the element of health care system competition into your benefits plan.

Competition is something that has been conspicuously lacking in the health care industry. As we see in almost every other aspect of the US economy, a competitive marketplace does something wonderful: It drives prices down and quality up.

Dr. Enthoven’s approach is to leverage health care delivery system consolidation and competition to the consumer’s benefit. This requires more advanced transparency on pricing and increasingly better-educated consumers who know what they’re getting and how much it costs. When people can shop around and compare value and quality, then prices will come down and providers will step up to retain market share.

Carmilla Tan, SVP Analytics at Brighton Health Plan Solutions, will explain how the approach is being implemented into health plans that afford high-quality care.

This webinar will be of interest to health benefit professionals and plan sponsors who want to offer more affordable health plans that deliver high-quality health outcomes.

Bob Braddick is Chief Revenue Officer at Brighton Health Plan Solutions (BHPS), an innovative health care enablement company with several industry-leading products. BHPS’s new Create® health care marketplace introduces competition between health systems to finally deliver better health care at lower cost for employers in the New York tri-state area.

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