TOLEDO, Ohio, Sept 28, 2009 /PRNewswire via COMTEX/ – Increasing health care costs and maintaining employee medical benefits is an ongoing concern for employers and has more recently taken center stage in response to tightened budgets and potential health care reform. Since 1998, Findley Davies has surveyed health benefit underwriters for the trend factors they use in their January 1st renewals. Findley Davies releases the results of these annual surveys every fall and the 2010 Health Care Trend Survey report is now available.
Some highlights from the 2010 Health Care Trend Survey include:
– Findley Davies found average annual trend rate (which measures the
change in per capita annual claims costs) slightly decreased at 11% for
PPO Medical with Rx benefits.
– Increased demand and utilization of health care services will be the
most troubling issues in health care trends over the next three years.
– Consumer-Directed Health Plan (CDHP) enrollment is likely to grow as
employers search for reduced costs and funding stability.
Additional details on these and other survey findings are available in the full report.
Findley Davies also offers twelve recommendations in response to, “What Can Employers Do to Control Health Care Costs in 2010?” From dependent eligibility audits to an on-site clinic, the recommendations cover an array of options available to suit your organization. The full report is available for download from Findley Davies’ website (www.findleydavies.com).
About The Author
Bruce Davis is the National Health and Group Benefits Practice Leader, based in Findley Davies’ Toledo office. He can be reached at 419.327.4133 or bdavis@findleydavies.com.
About Findley Davies
Findley Davies works with companies interested in maximizing the effectiveness of their human resources strategies and programs. They specialize in helping clients attract and retain talent, enhance the effectiveness of HR processes, leverage technology, improve financial performance through effective management of costs, and structure solutions that drive organizational change.
Established in 1969, Findley Davies is owned and led by a group of senior consultants working from offices in Charlotte, Cleveland, Columbus, Greensboro and Toledo. Its consultants, actuaries, and administrators are accomplished professionals with proven track records in HR, ERISA and tax law, retirement plans, actuarial science, compensation and rewards, communications, health and group benefits, and HR technology. Visit www.findleydavies.com.
SOURCE Findley Davies
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