GT Insurance Blog

Insurance problems and cures

Price escalation in Health Insurance

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This has become a nightmare for small businesses. Our friend George Garris of RMG Consulting (http://www.riskmg.com/ ) brought up some interesting points:
Medical Inflation – seen recent studies that Medical Inflation is coming down, Pharmacy (drugs) costs rising by 7%, and RMG healthcare provider putting thru 25% rate increase.
1) What is the real inflation rate?
2) Should Risk Managers become more aggressive on settling WC – Medical claims as soon as practical on retro rated policies?

1-800-548-2329   www.gbwinsurance.com

Written by gbwinsurance

February 16, 2010 at 9:50 am

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