Why you’re paying more for health insurance – and what impacts costs
The following is Part III of a 5-part Voice of Business Blog member post series from Excellus BCBS.
Rising costs and the growing demand for health care — especially for hospital services and prescription drugs — are challenging patients, doctors, businesses, health plans, and the entire health care system. These difficulties are causing higher premiums and higher out-of-pocket costs nationwide. Many of our local health care leaders are already collaborating to make care more accessible and affordable – while helping to improve outcomes for everyone.
But who decides what you pay? From doctors and hospitals to employers and insurers – every part of the health care system plays a role. Click here to see some examples on how every part of the system shapes what you pay.
Rising costs continue to apply pressure to small business and we remain committed to offering support through collaboration and partnership. Value-added resources are available to help small businesses find meaningful ways to improve quality of care while managing costs for employees: www.excellusforbusiness.com.
Excellus BlueCross BlueShield, an independent licensee of the Blue Cross Blue Shield Association, is a nonprofit health plan with about 1.5 million upstate New York members. The company's mission is to help people live healthier and more secure lives through access to high-quality, affordable health care. Its products and services include cost-saving prescription drug discounts, wellness tracking tools and access to telemedicine. With more than 4,000 employees, the health plan and its parent company are committed to attracting and retaining a diverse workforce to foster innovation and better serve its members. It also encourages employees to engage in their communities by providing paid volunteer time off as one of many benefits. To learn more, visit ExcellusBCBS.com.