Health Forum: Health Insurance Profits and Premiums

6:30-8:00 pm, Wednesday, January 13, at Proskauer Rose LLP, 11 Times Square, New York, NY

HEALTH INSURANCE: PROFITS & PREMIUMS

Free, but you must register in advance. Health insurance premiums are on the rise! Do not miss our panel discussion of these and related issues in the post-ACA landscape.

The rollout of the Accountable Care Act has brought 16 million people into the individual insurance market (via Health Exchanges), requiring them to choose between low premium/high deductible or high premium/low deductible plans, and between large or small networks of providers.  Mid-sized and large companies have been using this premium/deductible/network size tradeoff for years, keeping “the average health care rate increase for companies to 3.2% in 2015,”  even as “the average amount workers contribute toward their health care is up more than 134% over the past decade.

This phenomenon is causing some consumer groups to question the commitment of Health insurance companies to controlling healthcare costs, given their ability to simply pass rising cost along to their insured in the form of “ever-spiralling-upward” premium increases granted at the state level.  One wonders, particularly in light of recent reports of their record profit-taking, if health insurers’ financial incentives are properly aligned.

To help YANA members sort through this issue,  particularly those in social service organizations that struggle to cover premium costs under very tight budgets heavily constrained by government service contracts, the Health Forum is convening the “Health Insurance:  Profits & Premiums” panel, consisting of the following expert speakers:

Dr. Fiona Scott Morton,  Theodore Nierenberg Professor of Economics at the Yale School of Management, will provide an overview of the competitive structure of the health insurance industry and healthcare providers, providing insights into this confluence of “profits-despite-losses.”

Regina Quattrocchi, CEO of Bailey House, a well-known provider of supportive housing and services to people living with HIV-AIDS, and Jewel Allred, VP of Human Resources, Compliance and Administrative Services, will share their experience purchasing health insurance coverage for their employees this past year.

Elisabeth Rosenthal, reporter for the New York Times and curator of Payin’ Til It Hurts, a Facebook page devoted to commentary on health insurance issues, will moderate this panel.

This forum is geared for YANA members who want to understand the dynamics of for-profit health insurance companies in U.S. healthcare cost control efforts.   Come learn more at this Health Insurance Forum to be held on Wednesday, January 13th from 6:30-8pm at Proskauer Rose, Eleven Times Square    You must be on the guest list to be granted entry to this office building so please register here.

Our thanks to the Corporate Social Responsibility Office of Proskauer Rose.