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But to be real here, the main motivation for creating this new venture is employer cost. Some people might not be aware that the vast majority of large employe
by dawhizkid 9y ago
But to be real here, the main motivation for creating this new venture is employer cost.
Some people might not be aware that the vast majority of large employers in the U.S. that offer health insurance are self funded (i.e. they collect premiums from themselves/employees and take on all the insurance risk), so anything they can do to lower any direct/indirect cost with plan administration, claims, drug cost (big one), healthcare utilization, etc. will save them billions easily.
- yazaddaruvala 9y agoI’ve personally sent Jeff Bezos an email to take on more for-purpose capitalism. Something can be good for the bottom line and good for society. It’s not one or the other!
- greedo 9y agoDo you have anything to back this up? I work for an insurance provider, and this is not accurate in my experience.
- dawhizkid 9y agoback what up?
- astura 9y agohttp://www.benefitspro.com/2015/03/09/the-rise-of-self-funding http://www.benefitspro.com/2015/03/09/the-rise-of-self-fundi... >Only about 26 percent of employers with between 100 and 499 employees self-insure, compared with more than 82 percent of employers with 500 or more employees, according to data from the U.S. Department of Health and Human Services. That being said, they don't usually take on ALL the insurance risk, they typically purchase stop gap insurance for very large claims.