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The American Health Care System Isn’t Broken—It’s Working Exactly How It Was Designed

Posted on March 18, 2020 | News to Know

BY BEN CONNER Now that we are in the middle of another election cycle, politicians have once again pushed the health care industry into the national spotlight. Their primary message: Health care has become too expensive for businesses and their employees, and legislative changes are necessary to fix it. Although health care benefit costs increase…
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How to Reinvest $4.3 Million in Pharmacy Savings Back Into Your Workforce

Posted on March 4, 2020 | News to Know

BY RYAN SPENCER We recently discussed one of our biggest successes of 2019: We helped our clients source $4.3 million in medication without paying a single penny. By carefully re-evaluating how each company plan helped employees access medication, we slashed costs while maintaining or improving the quality of care these employees received from the pharmacies….
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Rising Stars for 2020 named by Employee Benefit Adviser

Posted on February 27, 2020 | Press Release

INDIANAPOLIS – Ryan Spencer, Advisor at Conner Insurance has been named to the 2020 Class of Rising Stars in Advising by trade publication Employee Benefit Advisor (EBA). This designation recognizes young advisors, spanning in age from 20 to 35 years old, who represent the “next generation of leaders” from around the country. Spencer has been…
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How to Source $4.3 Million in Medication for Free

Posted on February 19, 2020 | News to Know

BY BEN CONNER The prices of life-saving specialty medications rise year after year. Some have skyrocketed to more than $2,000 per month for each patient, and most experts expect to see these costs account for more than 40% of all drug expenses in 2020. The runaway price increases are hampering company budgets, and leaders are…
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How to Use Your Benefits Plan to Attract and Retain Talent

Posted on February 5, 2020 | News to Know

BY RYAN SPENCER With unemployment at its lowest level in 20 years, some employers are struggling to find, hire, and retain the best talent for their company. Before your business scrambles for the next hire, review your benefits package. Study after study has proven that employees care more about their benefits than financial compensation, and…
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Doctors Are Increasing Medical Bills: How You Can Stop It

Posted on January 23, 2020 | News to Know

BY BEN CONNER The doctors your employees visit are often the wrong choice for their health and their finances. In Indiana, for example, 80% of doctors work inside a hospital system. When they have to refer a patient to another physician, they’re required to refer within their own system without any sort of independent review….
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Why Health Insurance Costs Keep Rising (And How We Keep Them Down)

Posted on January 8, 2020 | News to Know

BY RYAN SPENCER For most businesses, health insurance premiums rise 8-12 percent every year. These meaty rate hikes have grown so common, employers rarely fight them. In fact, many see a five or six percent year over year increase as a small victory. The good news: Employers can effectively reduce their spend if they understand…
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Health Care Predictions for 2020

Posted on December 18, 2019 | News to Know

BY BEN CONNER Health care seems to grow more complicated each and every year. If you don’t look ahead at what’s coming, you may be blindsided by new developments. Now that 2019 is winding down, we’re looking ahead to the new year—and the changes you should be ready for. Here’s the good news: Health care…
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Why Every Wellness Program is Destined to Fail (And What to Focus On Instead)

Posted on December 5, 2019 | News to Know

BY RYAN SPENCER Wellness programs have long been championed as ways for employees to reduce benefits expenses, presumably by making employees healthier. Unfortunately, study after study has proven that wellness programs don’t generate an ROI or even help unhealthy employees improve their health. Employers approach these programs from the wrong angle. While they’re not effective…
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IRS Announces Employee Benefit Plan Limits for 2020

Posted on November 25, 2019 | News to Know

BY CONNER INSURANCE Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2020. Although some of the limits will remain the same, most of the limits…
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Google Delves Deeper Into Health Data With Latest Partnership

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO Google is aggressively collecting and analyzing health care data on millions of patients in 21 states across the U.S. The effort represents what the Wall Street Journal terms the “biggest effort yet by a Silicon Valley giant to gain a toehold in the health-care industry through the handling of patients’ medical data.” “Project Nightingale”…
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$11 Trillion in Health Care Costs Over the Next Decade? Yep.

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO Promoting her much-discussed plan to create a single-payer “Medicare for All” health system, Sen. Elizabeth Warren emphasized a striking figure. “If we make no changes over the next 10 years, Americans will reach into their pockets and pay out about $11 trillion on insurance premiums, copays, deductibles and uncovered medical expenses,” the Democratic presidential…
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Hospitals Must Post Real Prices Starting in 2021

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO The administration of President Donald Trump has taken two major steps toward requiring hospitals and health coverage providers to give patients detailed information about what care will really cost. The Centers for Medicare and Medicaid Services (CMS) — the arm of the U.S. Department of Health and Human Services that oversees Medicare,…
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Trump Administration Announces Historic Price Transparency Requirements to Increase Competition and Lower Healthcare Costs for All Americans

Posted on November 25, 2019 | News to Know

BY US DEPARTMENT OF HEALTH & HUMAN SERVICES   As directed by President Trump’s Executive Order on Improving Price and Quality Transparency in American Healthcare, today the Department of Health and Human Services is announcing that the Centers for Medicare & Medicaid Services (CMS) is issuing two rules that take historic steps to increase price transparency to…
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Hospital Monopolies Drive Up Health Care Costs in Indiana, Study Says

Posted on November 25, 2019 | News to Know

BY INDIANA BUSINESS JOURNAL Hospital monopolies drive up health care costs in Indiana, study says Over the past two decades, Hoosiers’ health care costs have gone from below-average to much-higher-than-average, according to a Ball State University study. The study, by Ball State’s Michael Hicks, shows that medical expenditures are high in Indiana because not-for-profit hospitals…
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