How do we get insurance companies to reduce medical insurance premiums to employers? and Royal Insurance PLC IMG_6976

How do we get insurance companies to reduce medical insurance premiums to employers?

Let's face it, here in the U.S. the medical insurance premiums for group health coverage is rising faster than inflation. As a result, a lot of companies are either reducing the levels of coverage in order to offset the cost of insurance, increasing the deductible, and or increasing the cost to the employees for the insurance premiums.

The problem is that insurance companies have no incentive to reduce insurance premiums. They continue to get record profits and this issue is out of control.

How do we get the insurance companies to decrease insurance premiums to the rate of inflation, or better yet, start reducing the cost of premiums for a change?


insurance best answer:

Answer by Boon Herd
Get rid of the insurance co.'s Start by becoming a self-insured company. As a self-insurer, you have the right to exclude payment for whatever drugs and medical conditions you choose. You should exclude all chronic diseases and cap annual payouts. Encourage your employees to pick up a supplemental private catastropic policy. You will probably notice that your employees will be healthier and able to work harder and miss fewer days because the sick ones will quit.

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Royal Insurance PLC IMG_6976


Image by tomylees
This foundation stone
was laid by
Mr Thomas J Brown
Dircetor of
Royal Insurance PLC
on 5th February 1996.
Going to Central Park along Victoria Street South.
Friday, 12th July 2013, Chelmsford, Essex.

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