NEWS

MBA gets Clever

Midwest Benefit Advisors is proud to announce our partnership with CleverRX to deliver discounts on medications.

Over 70% of people can benefit from a prescription savings card due to high deductible health plans, high copays, and being underinsured. Clever Rx solution provides the deepest discounts on medications at your local pharmacy – Kroeger, CVS, Walmart, Walgreens, etc. Click on the Clever Rx URL for your free card: https://lnkd.in/eNrtZEt

No alt text provided for this image

Compounding the Rx Problem

Clever drug companies, they take two over the counter meds, Nexium & Aleve and charge health plans over $2,300 for a 30 day supply. Can you say Vimovo? You can purchase a 30 day supply of Nexium & Aleve for about $25 per month.

VIMOVO
Aleve caplets (naproxen

+
Home
  • Who is managing your health care supply chain? If your plan allows for Vimovo, the answer is not Midwest Benefit Advisors.

The 2019 MBA Healthcare Supply Chain Quiz is Here!

Contact Midwest Benefit Advisors to receive your 2019 MBA Healthcare Supply Chain Quiz. Get an early start determining if your company’s healthcare decisions suffer from the malady plaquing boardrooms all across America. This is an evidence-based condition, if treated early enough, can save CEO’s and CFO’s from unsightly overspending and embarassing Poor Plan Performance.

No need to ever suffer from Poor Plan Performance again. Contact MBA for a diagnosis before its too late.

The ABC’s of Healthcare

The question everyone is asking, what is Amazon, Berkshire and Chase doing with healthcare? One perspective could argue that Amazon is entering the healthcare world to first solve a large problem they have, an epic size healthcare bill.

Amazon is not alone, Walmart is busy negotiating direct contracts with centers of excellence to weed out the layers of hidden revenue that lies within the healthcare supply chain.

Company’s such as Amazon and Walmart are experts at market disruption in the private sector. Amazon is also genius at diagnosing a problem they have, fixing it, then delivering the solution to the market. Introducing, AWS, Amazon Web Services.

So Amazon’s problem is a $1.25 billion annual healthcare bill for just the employees in the US. We used an average cost of $10,000 per employee per year times 250,000 employees to arrive the cost. (Your company’s is higher?)

Milliman puts healthcare costs into four buckets, 27% for Rx, 30% for hospital, 20% for outpatient surgery and 20% for physician’s. Amazon recent purchase of Pillpack is a clear sign Amazon is first attacking prescriptions. A lot of scripts are being filled each and every day.

A 20% reduction in prescription costs is not unreasonable to expect, given all of the hidden revenue streams within the transaction. A 20% reduction in Rx costs is worth $27 million dollars. That is attacking only one bucket!

Once Amazon fixes their own problem, they will scale it, then sell it to the market. Berkshire Hathaway happens to own reinsurance carriers and Chase has the financing. Seems like a perfect fit.

No need to wait to wait for Amazon to fix the problem, Midwest Benefit Advisors is implementing fiduciary responsible strategies that align the interests all the healthcare partners with the patient.

Contact MBA to learn how to reduce costs and increase benefits.

The Old Discount Dance – Time for New Thinking

How often have we heard the expression” We can’t solve problems by using the same kind of thinking we used when we created them”? Another way to say it is implementing the same strategies, expecting different results.

What is it about CEO’s and CFO’s who resist a serious deep dive into the facts why their second largest expenditure is spiralling out of control? What is that magic spell that the big box store brokers have over them? Could it be that ever popular discount dance?  You know, my discounts are bigger than your discounts! How has that dance worked out so far? ” Good news Boss, we are only getting an 8% increase, we budgeted for 10%. What is even better, we will only have to cost-shift a little to our valued employees”.

CEO’s and CFO’s, it is time to change partners who can deliver results, not just activity. It is time to have a dance partner that will align the goals of your P & L with the goals of your health plan and your plan members.

It is time to step into the present, where Midwest Benefit Advisor client partners are implementing strategies that ensure for 2019, their healthcare costs will decrease at same time increasing benefits for their valued employees.

Contact Midwest Benefit Advisors to arrange a 30 minute consultative no-obligation strategic meeting to learn how your executive team can move past the same old box step and implement guaranteed strategies to succeed in 2019.

 

 

The Cycle Continues – Cost Shifting & Care Avoidance

Midwest Benefit Advisors  mission is to enlighten employers that cost shifting to employees actually increase overall health care plan costs. Cost shifting increases a worker’s health deductibles, out-of-pocket limits and premiums. Gallup recently reported that 61% of Americans worry about higher premiums.

The facts are clear, workers health care premiums and their contributions have increased almost five times greater than their wages and inflation since 1999. Cost shifting will only increase the amount of people avoiding care due to the fear of higher expenses.

This status quo strategy employed by the big box store brokers only perpetuates their revenue model. This does nothing to help the end-user, it only delays the inevitable for the employer for just one year.

MBA is implementing transparent and independent strategies that align the goals of the patient, with goals of the provider and the plan, all working to help the member get the highest quality care at the lowest cost.

No more cost shifting, no longer will we put this burden on the backs of American workers. The misaligned interests that permeate healthcare stops with Midwest Benefit Advisors, a Next Generation Advisor.

Contact us to learn how your company’s health care spend can be predictable, measurable and repeatable.