Political move to help Insurers have Lower Renewal Rates at November Elections

The Obama administration has quietly adjusted key provisions of its signature healthcare law…

Screen Shot 2014-08-28 at 7.42.28 AM“Federal Funds Earmarked To Offset Affordable Care Act Insurer Losses”, “Critics call Obama funding plan for health insurer losses a ‘bailout’

“The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money. The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall’s congressional elections (Levey, 5/21).”

Los Angeles Times, Noam N. Levey, May 21, 2104

Politics should not be driving healthcare cost decisions, our political system is not capable of making the kinds of decisions required to accommodate the individual needs of our citizens.

This is disguised cost shifting.

The Market Recognizes the BenStaff Decoder’s Value

S&P says, “the ACA presents an opportunity for U.S. companies to radically redefine the role they play in the health care system.” There is $700 Billion to be saved by more closely decoding ACA.

As an example of the need for the BenStaff decoder,

“the ACA presents an opportunity for U.S. companies to radically redefine the role they play in the health care system.”

Capital IQ, McGraw Hill Financial, article Link.

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The article titled, “The Affordable Care Act Could Shift Health Care Benefit Responsibility Away From Employers, Potentially Saving S&P 500 Companies $700 Billion,” presents a compelling case for change. However, kicking employee health care plans to the curb will require forethought and planning – enabled by the BenStaff decoder, owners and their HR staff can realize what’s possible, and what should be avoided.

In our 3 years of analysis using the decoder, we’ve have found the phrase, “winners and losers” to be the most applicable. The decoder identifies winners and losers and will help an owner make a one time change away from the old method to embrace the new ACA opportunities.

ACA: Continuous Change for the Industry

Recently, at a conference, the speaker explained how the status quo, the new normal, is overwhelm. In their experience, ACA has brought about 4 years of tremendous change,

Screen Shot 2014-08-26 at 9.59.25 AMand more change is on the way. They identified with industry professionals and explained, “it will be another couple years before a calm can set in.” Constant change is exhausting. It is our experience these comments are true across all stakeholders in healthcare. Everyone is struggling with the new law and its ongoing changes.

Our “Employer ACA Decoder” can really help with understanding in a non-sales environment what options are available and evaluates them using an apple to apple comparison.  Based on financials alone, it recommends next steps.

BenStaff Employer ACA Obamacare Decoder
BenStaff Employer ACA Obamacare Decoder

Here’s a picture of a Decoder, it’s a booklet with helpful guidance all in one place with personalized commentary about all the new options for an employer.

Consulting firms are reaping the benefits

We are trusted by some of Michigan’s largest agencies, brokers, consultants, carriers, etc. to provide independent, 2nd opinion and analysis to their clients. Trust us to provide the same to you.

The number of combinations and permutations has mushroomed.

Everyone is selling a product, but us.

“Major benefit consulting firms, such as Aon Hewitt, Mercer and Towers Watson, are investing significant funds and management resources to develop private exchanges themselves.”  Health Insurance Exchange, March 4th, 2014

The number of combinations and permutations available as alternatives for employers has mushroomed in the aftermath of ACA. Everyday, a better mousetrap is announced; not just agents, brokers, consultants as noted in this quote but so many others; carriers, third party administrators, technology companies, hospitals, the government, just about everyone has a new solution. Choices and complexity has never been greater, and the stakes never higher.

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Unlike the long list of new solutions BenStaff is solely focused on providing clear, beneficial decision information to help you make the right choice for your plan sponsor and beneficiaries.

We welcome the innovation and new solutions being touted, but in anytime of change, clear thinking, uninfluenced thinking is a must.

We are trusted by some of Michigan’s largest agencies, brokers, consultants, carriers, etc. to provide independent, 2nd opinion and analysis to their clients. Trust us to provide the same to you.

Get started with a call to Don today, 248-881-3310.