Retirement Plan Administration Consultant Cetera Financial Group
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Part-Time Distribution Reviewer Nova 401(k) Associates
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Strongpoint Partners
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VP, Sales Consultant (Manhattan/Long Island Territory) FuturePlan, by Ascensus
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Ascensus
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Pentegra
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Strongpoint Partners
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West Side Federation for Senior & Supportive Housing
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Retirement Plan Consultants
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Employee Benefits Account Manager U.S. Retirement & Benefits Partners
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Nova 401(k) Associates
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Nova 401(k) Associates
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Healthcare's Final Frontier: Navigating the Wild West of RBP with Industry RenegadesCraig Gottwals |
Sept. 12, 2023 Recorded Online Podcast |
Ever imagine healthcare could feel like the Wild West? Welcome to the untamed lands of Reference-Based Pricing (RBP), the sizzling frontier where a select few employers unleash radical savings while giving the traditional PPO system a stiff arm. Unveil a world where only 3-4% of employers dare to tread, but where jaw-dropping 30-40% savings rain like gold and concierge-level service is the sheriff in town. Curious about RBP's magic? This isn't just healthcare. It's "Health-FAIR!" Here, employers "price-match" medical costs against benchmark prices, slicing their claims in half compared to big insurers. Projections say employer healthcare costs will shoot up another 7-9% in 2024. Yet Medicare Part D Premiums are projected to decrease by 1.8%. All major insurers participate in both markets. The lesson? Employers with private insurance are subsidizing Medicare. But hold your horses. With RBP, brace yourself for a 0-2% trend that turns the tables on traditional care. Jump into this roller-coaster ride of a podcast with your guide through this maze, joined by two titans of the trade—Omar Arif of ClaimDOC & Scott Schnaidt of HST. They've both cracked the code, each in their unique ways, and the results? Nothing short of spellbinding. What's on Tap:
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