Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Companies urged to review healthcare premiums.

Document Cited in Related
Vincent
PositionFIRST IN ...

Health insurers are failing to pass on cost savings to their corporate clients, according to a study by Mercer Human Resource Consulting.

The insurers' costs rose by an average of three per cent last year--the lowest increase for more than two decades. But many of them are still applying increases of up to ten per cent to companies' annual healthcare bills, the research has found.

Insurance cost inflation has fallen in recent years as a result of clinical developments that have reduced the price of certain treatments. The number of claims has plateaued, too, but many insurers have not factored this into their premiums, Mercer argues.

"Employers could benefit considerably from reviewing their health plan costs, particularly when negotiating renewal terms," said Stephen Clements, a principal at Mercer.

The findings were based on research...

To continue reading

Request your trial
COPYRIGHT TV Trade Media, Inc.
COPYRIGHT GALE, Cengage Learning. All rights reserved.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT