Cost Concerns

Costs are the number one concern for all involved stakeholders. Increasing costs can rapidly become a significant financial strain for both employer, employee and consumer. Employers craft insurance products that they and their employees can afford with the purpose of cultivating a healthy workforce.

Recent high inflation coupled with the rising costs related to care and pharmaceutical drugs, make the struggle to keep costs and expenditures under control a challenge in every sector of healthcare delivery. Keeping close tabs on healthcare spending remains a top priority for employers, consumers, and the insurance industry.

Insurance companies offer insurance plans after elaborate actuary models determine pricing and constantly adjust to whatever the shifting landscape brings, whether it be from new medical protocols or new laws.

Pharmacy and procedure costs necessarily affect the price of health insurance, making the need to implement strategies to control expenses more urgent than ever.

TPAH is actively engaged in educating decision-makers about cost concerns as a result of these pressures.