2009 Insurance Market Forecast
Feb 19, 2009
What can be expected for the employee benefits and property & casualtyinsurance markets this year?
GROUP MEDICAL INSURANCE TRENDS
The past several years have seen low double digit claims trends for medical plans -- nearly triple the inflation rate. To mitigate the skyrocketing costs of health care, plan sponsors have been forced to either cut back on benefits, cost shift to employees in the form of higher payroll deductions, or a combination of both. Premium increases have been 3% less than claims trend for the past two years, which indicates plan sponsors are tweaking plan designs to control costs, or replacing traditional plans with bolder models such as consumer directed health plans (CDHPs).(Click the link to read the complete article)
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