Medical Plan Budget? Foreign idea? Preparation for PPACA 2014?

A cost reduction of 5%-9% can be achieved within 12 months of a risk based incentive plan being established for an employer's group medical plan. In addition, a viable 3-5 year budget can also be established.

This simple strategy can be accomplished by using the current plan of benefits, the risk based incentive program and the imbedded predictive modeling. 

This can all be achieved by a strategic employee contribution cost shift which provides as a minimum, a zero sum  budget requirement over the first 12 months of the process.

Additional savings can be achieved by plan design changes and funding choice.

Through the implementation of current technology, plan design changes (maintaining employee financial integrity) and funding methods an employer can realistically achieve upwards of 23% savings during the first 12 months of the strategy.

This method also allows a viable budget to be established for a 3-5 year period.

Future increases are calculated on a much lower base.

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