A little background information:When the Affordable Care Act was launched in 2011, it included a new rule for governing the Medical Loss Ratio (more information on the MLR here) for health insurance companies. It’s become commonly known as the “80/20 rule,” and it’s gotten quite a bit of press lately. The objective of the rule was …
Since the inception of the Affordable Care Act, many employers have been concerned about the looming “Cadillac” tax scheduled to take effect in 2018. Insurance companies and employers with self-funded health plans will be on the hook for this excise tax—to the tune of a 40% penalty on the value of their health plans in …
If you’ve been watching the news lately, and you’ve been paying attention, you may have heard some buzz around price transparency in the healthcare industry. Now that this idea is finally getting some attention, you might be wondering: “Should I care about this at all?” The answer is that you should care a lot, …
Why price transparency is such a big deal in the healthcare industry Read More »
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