Navigation Links
Minnesota Employers Buck National Trend and Largely Remain Fully-Insured
Date:11/4/2008

Blue Cross and Blue Shield of Minnesota Leverages Market Dynamics With New Plan Offering Three Year Rate Guarantee, According to New Report from

HealthLeaders-InterStudy

NASHVILLE, Tenn., Nov. 4 /PRNewswire-FirstCall/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that employers in Minnesota appear to be bucking the national trend of moving from fully insured to self-insured health plans. According to the latest Minnesota Health Plan Analysis, the state's largest insurers, Blue Cross and Blue Shield of Minnesota and Medica, have seen self-insured membership decrease slightly from January 2007 to January 2008 by 1 percent and 9 percent, respectively. At the same time, overall HMO enrollment in the state has grown from 401,693 in January 2006 to 435,179 as of January 2008, according to data from HealthLeaders-InterStudy.

"The growth of HMO business lines is contrary to what's happening nationwide where most national insurers are seeing self-insured membership drive their enrollment growth," said Don Mooradian, an analyst with HealthLeaders-InterStudy. "For instance, nationally, UnitedHealth Group saw its fully insured enrollment decline by 5 percent from 2005 to 2007, while its self-insured business rose by 11 percent."

According to the report, the market dynamics might be the reason Blue Cross and Blue Shield of Minnesota introduced SureBlue, the first plan of its kind offered by a Minnesota insurer because it offers a three-year rate guarantee to fully insured businesses with 51 to 249 employees. SureBlue promotes budget certainty for healthcare costs, which is acknowledged as one of the most unpredictable components of a business' financial plan. Introduced in mid-September, it will take effect January 2009 and is available to employers directly or through brokers.

"Other plans might copy the SureBlue model to stem the trend toward self-insurance. It and similar plans will prove popular in the coming months because of their ability to provide consistent premiums that businesses can plan against," noted Mooradian. "However, the nation's current financial crisis could also cause businesses to rethink self-insurance and take the more cautious fully insured route."

Why Pharmaceutical Companies Need Health Plan Analysis

Health Plan Analysis identifies key health plan trends, which can be used by pharmaceutical companies to create comprehensive strategic plans and sales strategies at state and local levels. Updated quarterly, Health Plan Analysis provides a detailed look at plan design and financials, as well as information about mergers, legislation and other influencers driving healthcare in a particular region.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit http://www.HealthLeaders-InterStudy.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Securians Minnesota Life Continues to Climb Group Life Rankings
2. Fresh Air Campaign to Showcase Minnesotans Love of Smoke-Free Air
3. Four Minnesota Hospitals Rate High For Patient Safety and Quality
4. First-in-the-Nation Health Care Billing Policy Announced in Minnesota
5. Help is Available for Smokers Who Want to Quit as Minnesotas Smoke-Free Law Takes Effect Oct. 1
6. Maryland, Minnesota Go Smoke-free Oct. 1 - Pennsylvania Overdue in Following Suit
7. New National Medicaid Study: Minnesota Under Funds Seniors Nursing Home Care $167 Million Annually
8. Blue Cross and Partners to Host Combat Stress Conference for Minnesotas Health Care Professionals
9. TV Documentary Examines Three Decades of Tobacco Politics, Policies and People in Minnesota
10. Minneapolis Hosts National Conference on Tobacco or Health October 24-26 on Heels of Minnesotas Statewide, Smoke-Free Law
11. Mayo Clinic Calls for Thorough Review of Canadian Pacifics Acquisition of the Dakota, Minnesota & Eastern Railroad
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... ... May 27, 2016 , ... With a ... medical and food industries. Aside from its GMP accreditation, Validation Center is also ... successfully certified products, services and staff. , Validation Center is ISO17025 accredited and ...
(Date:5/26/2016)... ... ... There are many ways to cook a hot dog, but new research ... their dogs straight off the grill. Of the 90 percent of Americans who say ... a hot dog, far outpacing other cooking methods such as steaming (12 percent), microwaving ...
(Date:5/26/2016)... California (PRWEB) , ... May 26, 2016 , ... ... associated with discovery of thousands of defective respirators, according to court documents and ... the case of William and Becky Tyler v. American Optical Corporation, Case No. ...
(Date:5/26/2016)... ... May 26, 2016 , ... Georgia State University College of ... programs. , Answering to the increasing demand for curricular specializations, the Certificate in ... environmental and land use law. ,  , “The demand for lawyers with specific ...
(Date:5/26/2016)... ... ... On Memorial Day, Hope For Heroes and USA Medical Card ... the country. The nonprofit Hope For Heroes partnered with the leading provider of ... disabled military veterans, as well as police, firemen, and EMS professionals across the country, ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... Inivata, a global clinical ... tumour DNA (ctDNA) analysis to improve personalised healthcare ... Clive Morris as Chief Medical Officer. ... development programme, scientific collaborations, and through to commercialisation ... in clinical outcomes for patients. Clive ...
(Date:5/24/2016)... --   , Study met ... cleansing and superiority in , Excellent ... of the ascending colon   , ... Norgine B.V. today announced new positive data from the phase III ... versus standard 2 litre PEG with ascorbate. The study met both ...
(Date:5/24/2016)... , May 24, 2016  Joe Marziani has joined VMS BioMarketing as senior ... executive officer, today. In his new role, Marziani will lead the company,s business development ... professionals to improve outcomes. Photo - http://photos.prnewswire.com/prnh/20160523/371089 ... ... ...
Breaking Medicine Technology: