RMP Advisor Newsletter Archive
Browse previous issues of RMP Advisor, our monthly email newsletter for executives and business owners seeking smarter approaches to managing health benefits and costs.
Health Reform Corner (July 2012)Originally Published in RMP Advisor, Summer 2012
Most people believed that Obamacare would be declared unconstitutional because of the individual mandate. Never before has the federal government compelled all of its citizens to purchase a product (in this case health insurance) in the private market — or face a financial penalty (or tax) if one does not comply.
Next Steps for Employers (July 2012)Originally Published in RMP Advisor, Summer 2012
What does Obamacare mean for business owners? Whether you’re a large employer, mid-size, or small, I have some advice on the next steps you need to take to get the most value for your healthcare purchasing dollars.
Speaking About HSAs and HRAs… (July 2012)Originally Published in RMP Advisor, Summer 2012
I wanted to share a great testimonial for HSAs and HRAs posted by Joe Sellitto — President at Pension & Wealth Consultants, LLC, in the Greater New York City Area — in a LinkedIn discussion group.
Health Reform in America–It IS Possible (February 2012)Originally Published in RMP Advisor, Spring 2012
This blog captures some of the essential differences in healthcare spending and results in Israel compared to the United States, and what if possible through effective state by state reform of their healthcare systems.
Every State Needs A Health Exchange — It’s Time (February 2012)Originally Published in RMP Advisor, Spring 2012
It’s 2012 and a Presidential election year, and health care in the United States remains a mess. Do I like Obamacare? No. Should it be repealed? Yes. But, let’s be clear and let’s be honest. Even if Obamacare never existed, EVERY STATE IN THESE UNITED STATES NEEDS A WELL-DESIGNED HEALTH EXCHANGE. And, if Obamacare is declared unconstitutional this summer, or it is repealed in total or in part in the future, the same is true — your state should have a Health Exchange. Why?
Health Reform Corner (July 2011)Originally Published in RMP Advisor, Summer 2011
Though the Patient Protection and Affordable Care Act (PPACA) was signed into law by President Obama in March 2010, the debate over its implementation and the future of health reform in the United States rages on. PPACA may yet be revised, repealed, defunded, or declared unconstitutional. Here are some of the more salient issues, with information that will allow you to make your own informed judgments…Originally Published in RMP Advisor, Summer 2011
I remain a strong advocate for HSAs and consumer-driven healthcare (CDHC), documented as far back as 2006 when I wrote an opinion column for the Philadelphia Business Journal called “HSAs Work: Here’s Why.” It was clear to me back then that we must do a better job of aligning incentives among patients, providers, and purchasers, and HSAs are one of the best ways to accomplish that objective.Originally Published in RMP Advisor, Summer 2011
Everyone would prefer to have “rich” benefits, or so-called Cadillac healthcare coverage. Why not? More coverage is better than less. Lower copayments are better than higher copayments. Free choice of providers is better than having to seek approvals and referrals. All of the above are true, but they drive up costs. To control healthcare costs, your choices are: a) reduce benefits to reduce costs or b) buy smarter. So, in this month’s feature article, we tell you where the greatest opportunities exist for future healthcare savings by answering the following questions…Originally Published in RMP Advisor, Spring 2011
When workplace wellness programs are done right, they engage employees and have a positive effect on their health. And healthier employees have a positive effect on an organization’s profitability by reducing healthcare costs and boosting productivity. In fact, a recent article in Harvard Business Review showed successful wellness programs generated return-on-investments as high as 6 to 1. What are some of the key components of winning wellness programs? That’s what we discuss in this month’s feature.Originally Published in RMP Advisor, January/February 2011
A good place to start the process of gaining control over health benefit costs is to conduct an employee satisfaction survey regarding healthcare and other benefits. And now is the time to begin that process. Here we provide some important advice about how to get started on the road to health benefit savings.Originally Published in RMP Advisor, January/February 2011
Voluntary benefits, offered by the employer but paid for by the employee (at his or her discretion) are playing an increasingly important role in employers’ benefits strategy. These types of offerings can expand the reach of a company’s benefits budget and help employees to affordably fill gaps in their insurance coverage. Survey data shows another reason to offer an attractive voluntary benefits roster: Your employees – and prospective employees – will think better of your company if you do.
Closing Your Organization’s “Efficiency Gap” – 4 Lessons from Our Recent Healthcare Symposium (November 2010)Originally Published in RMP Advisor, November/December 2010
Does your organization have an efficiency gap in its healthcare purchasing? Most likely you do, because the unfortunate fact is that approximately 30% of healthcare dollars are wasted (the so-called “efficiency gap”). Yet, it does not have to be that way, as presented by Risk Management Partners LLC, and PATH®, along with our co-sponsors Hildebrandt Baker Robbins and the Health Care Incentives Improvement Institute (HCI3) at a recent seminar called “Closing the Efficiency Gap.” Summarized below are the key points that were discussed.
5 Steps to Reducing Your Pharmacy Costs (September 2010)Originally Published in RMP Advisor, September/October 2010
Pharmacy costs are like healthcare costs—they’re often out of control. And the biggest obstacle to controlling pharmacy costs and enhancing value is a fundamental resistance to change. Allaying fear and overcoming the barriers to change takes time. But when you do, you’ll find that you can rein in costs without reducing coverage, increasing co-pays, and charging employees more for their insurance.Originally Published in RMP Advisor, July/August 2010
A recent landmark study of the value of healthcare shows that the United States is at a huge disadvantage compared to our global competitors. Learn more about these findings and what action you can take to help.
A 4-Step Method to Lower Benefit Costs – Creating a Partnership Between Employees and Management (July 2010)Originally Published in RMP Advisor, July/August 2010
The conventional wisdom in the workplace is that a rift exists between the employees and management when it comes to healthcare benefits. Employees usually accuse the company of being too frugal, and management is unable to find a compromise that makes everyone happy. In the end, employees are left feeling as if their hands are tied.