The opioid epidemic is everywhere. It’s in the news, in your community, in your workplace and perhaps in your family. It’s likely that you know someone who has used opioids. In fact, many people who later become addicted have their first experience with an opioid prescribed by a physician to treat severe pain.
In late June, senior Alliance staff will spend a few days in Washington DC to meet with Illinois and Wisconsin congressional representatives. The purpose of our visit is to build relationships with our elected officials and establish The Alliance and our employer members as a resource on key health care topics. These are brief visits so we want to use our time well! You can help by letting us know how the following four issues impact you, your employees and your business.
Dr. Elisabeth Rosenthal believes Americans are trapped into “Paying Till It Hurts” for health care. “Our health care system really isn’t working well for anyone,” Rosenthal said at The Alliance Annual Seminar on May 17 at the Monona Terrace in Madison. “Unless you’re in the 1 percent, you could be one medical problem away from financial disaster.”
Details matter when you’re comparing captive models, analyzing stop-loss costs and seeking to understand captive value. Alex Gloeckner, senior vice president at Moreton & Company, recently dived into those details for Alliance employers. Moreton works with The Alliance to manage ShareCap™, a medical stop-loss captive.
Months have passed since the leaders of Amazon, Berkshire Hathaway and JPMorgan Chase announced they were forming a company that will buy high-quality health care at a lower cost. And they still haven’t picked a person to lead that effort. That’s an indicator of how tough it will be to fix the health care system, according to Sally Welborn, a consultant who was previously the senior vice president of global benefits for Walmart Stores, Inc.
Joining a captive is a little like deciding whether to try a new entrée for the first time. No matter how many times you’ve been told it will be delicious, you’ll never enjoy the taste unless you’re willing to take the risk of ordering it. And if you’re not interested in taking that risk, you’ll likely settle for never learning just how tasty it could be.