Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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The Health Care Blog
Sept. 17, 2015
"The health insurance market is consolidating due to the fact that being bigger gives insurers more leverage to negotiate prices with hospitals, health care providers and pharmaceutical companies. It also gives insurers greater administrative efficiencies. In fact, that is exactly why not-for-profit Medicare has administrative costs of about two percent while private insurers average seventeen percent. Medicare is tens of billions of dollars cheaper then private insurance in terms of cost for the same services."
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