Solution Reduces Costs, Enhances Risk Management, Improves Member Experience Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry announced today that True Captive Insurance, a provider of innovative healthcare solutions for employers of all sizes, has selected its SAIL™ solution to help reduce group healthcare insurance costs while maintaining a high standard of care for member companies. Driven by the desire to have more control over company insurance plans, health insurance captives, like True Captive, have recently gained in popularity and are experiencing tremendous growth.…
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Employer-sponsored health insurance costs jumped this year
The average cost of the coverage per worker rose by the largest amount in 2021 that it has since 2010. The average cost of employer-sponsored health insurance per worker saw its highest annual increase this year that it has since 2010. This occurred as the benefit costs rose faster than inflation and the earnings of the workers themselves. The Mercer 2021 National Survey of Employer-Sponsored Health Plans showed that there was a 6.3 percent average increase in the cost of employer-sponsored health insurance this year. Employees and their families began…
Read MoreHigh health care costs still “catastrophic” to millions despite insurance coverage
High price tags for services and drugs remain a problem, despite widening ACA cover, says study. High health care costs can be detrimentally high for millions of Americans, even when they are already covered by insurance plans, says a new study. The price of medical necessities such as an insulin kit, for example, often make them cost-prohibitive. The study was recently published in JAMA and showed that even with insurance coverage, worries about high health care costs remain in place. Even as the Affordable Care Act (ACA) continues to gain…
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