Navigation Links
Segal Survey Predicts Declines in Trends for Fifth Consecutive Year
Date:9/19/2007

NEW YORK, Sept. 19, /PRNewswire/ -- The 2008 Segal Health Plan Cost Trend Survey forecasts continued declines in trends for 2008, marking the fifth consecutive year of declining medical trends. And, although a growing number of health plans project single-digit trends for 2008, health plan costs trends are still significantly above general inflation. Key findings include:

-- Over the past five years, projected trend rates for point-of-service

(POS) medical plans (including prescription drugs) for actives and

retirees under 65 has declined from a high of 14.9% in 2003 to 10.5%

for 2008.

-- Prescription drug projected trends have declined dramatically, by

nearly nine percentage points, since their high of 19.5% in 2003. http://www.segalco.com/publications/surveysandstudies/2008trendsurveysupplement.pdf

-- Price inflation appears to be the biggest element of overall medical

plan trend, accounting for approximately 60% of overall projected

preferred provider organization (PPO) trend in 2008.

-- The survey found some regional variation in medical trend projections

- ranging from a low of 9.4% in the Midwest to a high of 11.7% in the

West.

The 2008 Segal Health Plan Cost Trend Survey compares historical forecasts to actual cost increases. The Survey reports projections for 2008 obtained from a survey of managed care organizations, health insurers, pharmacy benefit managers and third party administrators. The survey also covers trend rates for PPOs and HMOs, Medicare Advantage plans, dental and vision care plans.

According to Edward A. Kaplan, Segal's National Health Practice Leader, "The most successful plan sponsors are examining detailed claims data to determine what diseases, conditions, facilities and treatments are driving cost increases. Then they are using integrated data mining to develop targeted intervention strategies to identify gaps in needed treatment for participants, poor quality health care delivery to participants and ways they can improve the health and health care consumption of their participants and reduce health trends to manageable levels."

The complete survey report can be found at:

http://www.segalco.com/publications/surveysandstudies/2008trendsurvey.pdf

The Segal Company (http://www.segalco.com) is an independent, US-based firm of benefit, compensation and human resources consultants. Clients include corporations, non-profit organizations, professional service firms, state and local governments and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.

Contact:

Mary L. Feldman

(212) 251-5029

mfeldman@segalco.com


'/>"/>
SOURCE The 2008 Segal Health Plan Cost Trend Survey
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Eating disorder... a survey
2. Happiness Survey
3. Survey shows how bipolar disorder affects the quality of life for patients
4. Over Six Million HIV Infected People In South Africa- Finds A Survey
5. Rural India shows apathy towards dental problems: Survey
6. Survey finds that discussion with family very crucial in organ donation decision
7. Insomnia Hits Many Canadians: Survey
8. Scotland Ranked As Sickest Area Of UK: Survey
9. Americans Not Interested In Choosing Sex Of Child: Survey
10. A National Survey Revealed That Mental Disorders Are Common In Lebanon
11. Ignorance about AIDS rampart in Third of College Students: Chinese survey
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/24/2017)... ... February 24, 2017 , ... ... tooth replacement options at his office, Antoine Dental Center. Currently, patients can get ... Some restrictions may apply, but patients can learn more about these offers by ...
(Date:2/24/2017)... ... February 24, 2017 , ... Dr. ... has officially announced the appointment of Peter A. Bell, DO, MBA, HPF, FACOEP-dist., ... (LUCOM), beginning April 10. Dr. Bell comes to Liberty from the Ohio ...
(Date:2/24/2017)... , ... February 24, 2017 , ... Healthcare Associates ... Medical Center at Craig Ranch building at 8080 State Highway 121, Suite 210, McKinney, ... with easy access to Highway 121. , As the practice has grown, the need ...
(Date:2/24/2017)... ... February 24, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House ... present generation. Yisrayl makes an astounding statement when he says that the entire ... the Bible details the current times so plainly that anyone should be able to ...
(Date:2/24/2017)... ... February 24, 2017 , ... Rosica Communications, ... thought leadership , media relations, social media, content marketing and SEO, is ... powered through Act-On, an intuitive marketing automation platform. , Rosica will now offer ...
Breaking Medicine News(10 mins):
(Date:2/24/2017)... -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), ... the Cowen and Company 37 th Annual Health ... Tuesday, March 7, 2017 at 11:20 a.m. Eastern Time. ... can be accessed at http://wsw.com/webcast/cowen38/zbh .  The webcast ... Zimmer Biomet,s Investor Relations website at http://investor.zimmerbiomet.com . ...
(Date:2/24/2017)... CUPERTINO, Calif. , Feb. 24, 2017  In ... fourth quarter 2016 financial results press release, you are ... be broadcast live over the internet on Tuesday, March ... Pacific Time). A live audio webcast of ... at www.durect.com and clicking "Investor Relations."  If ...
(Date:2/24/2017)... , Australien, 24. Februar 2017 ... diversifiziertes Unternehmen des Gesundheitsbereiches, ist erfreut, für das ... mit dem entsprechenden Vorjahreszeitraum exzellente Ergebnisse vorlegen zu ... und Aktualisierung zum Wachstum" finden Sie hier ... Gewinn nach Steuern 2,12 Millionen USD (Dez. 2015: 1,04 Millionen USD; ...
Breaking Medicine Technology: